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Unavailable#602 - Why Aussies Invest in Pittsburgh, PA
Currently unavailable

#602 - Why Aussies Invest in Pittsburgh, PA

FromReal Wealth Show: Real Estate Investing Podcast


Currently unavailable

#602 - Why Aussies Invest in Pittsburgh, PA

FromReal Wealth Show: Real Estate Investing Podcast

ratings:
Length:
22 minutes
Released:
Dec 5, 2017
Format:
Podcast episode

Description

Back in 2010, in the midst of the recession, I got a call from one of our podcast listeners who invited me to come to Australia to speak to 1000 investors interested in cheap US real estate. I had never been Down Under and was absolutely thrilled to meet the beautiful people from that little island. They had an amazing opportunity. The US dollar had tanked and the Aussie dollar soared. This made the already heavily discounted foreclosures in America about half as cheap to the Australians. We were absolutely flooded with these investors who came over and knocked on our doors - day in and day out. We set up big tour busses to show them various cities in the US where properties could be purchased for cheap. It was a moving target though. Because some neighborhoods were entirely distressed, with boarded up empty houses. These investors took big risks, but for many it paid off handsomely. Today, the US dollar is stronger, so as these Aussies take their cash flow back home it's worth even more. What deal! With us today is one of my favorite Aussie investors. He just surprised his wife and daughter with a trip to the U.S. to attend our East Coast Property Showcase in Orlando and to meet with our team from Pittsburgh. Andrew bought many properties in Pittsburgh and is here to talk about his experience and how that turned out for him. Get the show notes and more at: www.RealWealthShow.com  
Released:
Dec 5, 2017
Format:
Podcast episode

Titles in the series (100)

Smart real estate investing will give you the time and the money to live life on your own terms! We call that real wealth. Host Kathy Fettke is Co-CEO of Real Wealth Network and author of the best selling “Retire Rich with Rentals.” She launched this podcast in 2003 to share her own secrets and those of top experts in the real estate investing field. She along with guests like Robert Kiyosaki, Loral Langemeier, Peter Schiff, Doug Duncan, John Burns, Bruce Norris and other rising real estate stars offer insights on the creation of passive income through real estate, and how to avoid costly mistakes. Learn how to build a portfolio outside the stock market with buy-and-hold strategies, single-family rentals, multi-family properties, syndicated deals, self-directed IRAs and 401ks, the highly-revered 1031 exchange, private money lending, creative financing, and much more!