GeordieSkydiver 0 #1 February 4, 2005 Ok, so when I'm done in the miltary (6 more years) I'm 95% sure i'm gonna emigrate to the US of A, probably California. What I'm wondering is if it is worth it or feasable to buy some property over there now (I'm in England) and just rent it out. Has anyone got any expierence of this or any information I could use? Thanks in advance.Lee _______________________________ In a world full of people, only some want to fly, is that not crazy? http://www.ukskydiver.co.uk Quote Share this post Link to post Share on other sites
TheAnvil 0 #2 February 4, 2005 That would depend on where in Cali and how much you are willing to spend. Vinny the Anvil Post Traumatic Didn't Make The Lakers Syndrome is REAL JACKASS POWER!!!!!! Quote Share this post Link to post Share on other sites
skymama 37 #3 February 4, 2005 Michele is a real estate agent in CA. I bet she could help you.She is Da Man, and you better not mess with Da Man, because she will lay some keepdown on you faster than, well, really fast. ~Billvon Quote Share this post Link to post Share on other sites
KevinMcGuire 0 #4 February 4, 2005 buy it now or you will really pay for it later. Quote Share this post Link to post Share on other sites
AggieDave 6 #5 February 4, 2005 Do you know what property costs in CA compared to the rest of the US? --"When I die, may I be surrounded by scattered chrome and burning gasoline." Quote Share this post Link to post Share on other sites
Michele 1 #6 February 4, 2005 Quote Michele is a real estate agent in CA. I bet she could help you. I'd be more than happy to. Shoot me a pm, and we'll talk. As to the cost, the difference between renting it out (investment property) and personal living space is that if you're careful, the rent will cover the mortgage, and you will be able to have a renter pay the mortgage. Leverage is a great thing, especially considering the affordability index here at the moment... Like I said, I'll be more than happy to see what I can do for you. Ciels- Michele ~Do Angels keep the dreams we seek While our hearts lie bleeding?~ Quote Share this post Link to post Share on other sites
Remster 30 #7 February 4, 2005 QuoteDo you know what property costs in CA compared to the rest of the US? Do you know property rental price in CA compared to the rest of the US?Remster Quote Share this post Link to post Share on other sites
GeordieSkydiver 0 #8 February 4, 2005 QuoteDo you know what property costs in CA compared to the rest of the US? Do you know the strength of the pound over the dollar at the moment?Lee _______________________________ In a world full of people, only some want to fly, is that not crazy? http://www.ukskydiver.co.uk Quote Share this post Link to post Share on other sites
mr2mk1g 10 #9 February 4, 2005 Plus property cost in CA are a fraction of the UK regardless of the $/£ rate... you can get a hell of a lot of house there for the cost of what would be a small flat in the UK. Quote Share this post Link to post Share on other sites
slug 1 #10 February 5, 2005 QuoteQuoteDo you know what property costs in CA compared to the rest of the US? Do you know the strength of the pound over the dollar at the moment? HI Geordie Very good pointWe're having a sale, mimimum down low interest rateA real estate agent you can trust and your all set to go. Leverage, inflation and devaluation.Wanna buy a bridge in Brooklyn? R.I.P. Quote Share this post Link to post Share on other sites
Michele 1 #11 February 5, 2005 QuoteA real estate agent you can trust and your all set to go. Hi, Geordie. I got your pm, but I'm heading out for the evening. I'll send a reply tomorrow, deal? Ciels- Michele ~Do Angels keep the dreams we seek While our hearts lie bleeding?~ Quote Share this post Link to post Share on other sites
AggieDave 6 #12 February 5, 2005 Quote Do you know property rental price in CA compared to the rest of the US? Actually, yes, for a variety of reasons I've been following land prices in general across the US for the past couple of months.--"When I die, may I be surrounded by scattered chrome and burning gasoline." Quote Share this post Link to post Share on other sites
GeordieSkydiver 0 #13 February 5, 2005 QuoteHi, Geordie. I got your pm, but I'm heading out for the evening. I'll send a reply tomorrow, deal? Are you trying to get me to commit to a purchase already? Damn you estate agents work quick... Thats fine. Thank you...Lee _______________________________ In a world full of people, only some want to fly, is that not crazy? http://www.ukskydiver.co.uk Quote Share this post Link to post Share on other sites
