Someone posted on charcha, sometime back, about apartments in the US for sale as low as $ 12,000. I have done some research over the internet , and found that there are apartments for sale in Arizona and elsewhere, for as less as $ 25,000. Some of these are foreclosures.


I am seriously considering purchase of one of these properties. Of course, there may be miles to go and much information to be sought, before I actually do so.


That being said, I would appreciate your opinions, views, and what your consider the \"Pros and cons\" of doing so. BTW, I am a Canadian citizen, should that matter.


Thanks in advance, for all your inputs.

I don't think this post applies to FAMILY CLASS???

Arizona and Florida (even Las Vegas) appear to have edge compared to Detroit region from certain aspects. It is an interesting topic and I have some of my friends living in the Miami area who invested just before the boom but eventually have suffered considerably.

My major concern would be ? How to manage such properties remotely ? It it happen to me a multiplex, you could find a management company (need to be reliable).

I hope we could investigate further and share the information through this thread.

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Originally posted by ILOVENA

Someone posted on charcha, sometime back, about apartments in the US for sale as low as $ 12,000. I have done some research over the internet , and found that there are apartments for sale in Arizona and elsewhere, for as less as $ 25,000. Some of these are foreclosures.


I am seriously considering purchase of one of these properties. Of course, there may be miles to go and much information to be sought, before I actually do so.


That being said, I would appreciate your opinions, views, and what your consider the \"Pros and cons\" of doing so. BTW, I am a Canadian citizen, should that matter.


Thanks in advance, for all your inputs.

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The cowards never started,
The weak died on the way,
Only the strong arrived.
http://www.youtube.com/watch?v=_yK1i9cLAMM

I think this link gives many of tax and reseidency related details.
http://www.grasmick.com/snowbird.htm
Also check the property taxes..although the property is for 25K, the taxes might be based on the assessed value.
All the best!

Vipeen: Many thanks for posting that link about taxes on income from property, applicable to non residents. That is very informative.

Just wondering - if any fellow Desis have experience of purchasing property in the their views and experience.