We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
3 bed villa for £8k??
Comments
-
If it is that good and that easy to make a guaranteed profit each month - why aren't all of the americans doing it???
Because its not that easy. There is no such thing as guaranteed profit. High yield = high risk.
Why would you trust an American estate agent making crazy promises any more than a UK one?
0 -
I listen to American radio on the net sometimes and while the adds arent BTL and probably overly flashy, it does bring it home when they start talking about buying 3 bed houses from $20k, aka credit card money.0
-
Hey, you can buy houses for as little as $1 in the US at the moment:
http://www.dailymail.co.uk/news/worldnews/article-1044973/House-sells-just-50-PENCE-U-S-property-market-hits-time-low.html
souds like the banks become liable for the taxes, no wonder the banks are so desperate to offload.:rotfl:0 -
I believe the new owner becomes liable for local taxes outstanding when they buy, and of course future local taxes which can be extremely high. No free lunch here maybe.0
-
I've got a good friend who is a realtor in the States. Whenever I ask him about great "bargains" like this he has the same reply:
"It's a crack den! Maybe one day it'll come up, but for the next twenty years you'll be a slum lord". Never seems such a great investment after that. Don't really fancy non-paying tenants who have access to guns either!Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
0 -
I was recently in US / Canada and they have these sort of deals advertised on TV every 5 seconds...
I was baffled at the time but had forgotten until this post!
I'm in the "if it sounds too good....." camp..0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards