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derazor

derazor

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genie47 said:
You use Hotwire or Priceline big gamble. Might not even get it. Remember, they don't tell you the hotel name. Just the locale.
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Now I understand why Priceline( especially ) and Hotwire is so addictive.

It's very fun doing this haha. I learn something when I go travelling. :D
 
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Qannik

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devilish_me

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pinkflame88 said:
nope not yet. will go there explore
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you are very brave!! :)
do you have friends/families over there?
all the best in this new phase of your life!!
there are a few of us here who are also in the states. not sure if there's anyone in LA. i'm on the east coast.
 
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genie47

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patryn33 said:
wow, rich man! have ~us$150-300K to spend. annually U maybe paying ~$1-5K in property tax. still need to buy home insurance ~$500 a yr. things breakdown still need arrange ppl to fix.

or u looking at timeshare ~LAKE BUENA VISTA? timeshare not really free stay u know. timeshare also does not mean anytime U drop by U get to stay also.
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Yes. Real property and not timeshare. Now with the depressed real estate in the US. Looks like a good investment provided the location is good for rental income.

Just interested and exploring this idea. I mean I see all these people advertising London, Melbourne, etc. Why not Orlando?
 
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devilish_me

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genie47 said:
Yes. Real property and not timeshare. Now with the depressed real estate in the US. Looks like a good investment provided the location is good for rental income.

Just interested and exploring this idea. I mean I see all these people advertising London, Melbourne, etc. Why not Orlando?
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high insurance (e.g. hurricane deductibles/flood insurance) & property taxes aside (over $11 per $1000 assessed value for kissimmee, FL)...unless it's a cash purchase, otherwise, mortgage interest is very high too (assuming one can even obtain a loan without a credit history) and you'll only be able to obtain mortgage interest deductions if you are paying taxes in the states.

sure there are people buying those couple tens of thousands houses or distressed properties....but with low dollar houses, you tend to attract low-dollar tenants who could potentially be problematic. and distressed properties...well you never know what kind of debts the previous owner had gotten into which could be passed on to you with a transfer of title deed.

buying cheap properties in US ain't as simple as what some people think it is.....it's possible to make money but just proceed with caution. if you've people you trust to take care of the property...then it's good.
 
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patryn33

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genie47 said:
Yes. Real property and not timeshare. Now with the depressed real estate in the US. Looks like a good investment provided the location is good for rental income.

Just interested and exploring this idea. I mean I see all these people advertising London, Melbourne, etc. Why not Orlando?
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if it is so good and hot still need advertising?

real estate in Japan also depress. It has stayed depress for so long. why no one go there?

today, without credit history U cannot take loan for get that.
I knew ppl that has bought a big house in Detroit for US$30K guess what the reno cost about US$30K plus from time to time water meter, metal pipes are missing.

in OZ, u don't pay property tax only 1 time sales tax.
USA if U pay $10 per $1K for a 200K house, U will be paying $2K on it. Since it is rental, U need to pay state and federal income tax. I am sure US gov wouldn't let U go on that. better yet when the value of house go up, you pay higher tax. go down of course U win pay lower tax.
unlike SG houses it is make of brick and concrete, pretty much maintenance free. US houses are wood and drywall. 1 punch and there is big hole in the wall. cheap house the exterior is usually siding, those need to change from time to time. Singaporean with carpet floor ppl walk bear footed. US, most ppl walk into their house with their shoes from outside. As landlord U need to replace that.

bathroom and kitchen sink, U need to cork those once every 2-3yrs. if house has wooden deck U need to stain and power wash it every 2 yrs. this is landlord job not renters.

as devilish_me had stated super cheap house = poor return since rich ppl would rent such place. ppl going on vacation don't want that too.

prime location cost. yes it is down house was at us$16Million could go at us$5Million, question is can u afford these kind of place not place that is under $100k?

@ devilish_me, debt will not transfer from one owner to next. only issue if the house is in bad shape. it could many times more to fix it.
 
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derazor

derazor

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Guys, Trump ( a bit off North Strip ) is having a promo . City Suite View @ 147US per night ( have not include etc etc ). What do you guys think? Is slight off set an issue? In this case, just drive? Since parking is FOC . Finding parking is it an issue?
 
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fone

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derazor said:
Guys, Trump ( a bit off North Strip ) is having a promo . City Suite View @ 147US per night ( have not include etc etc ). What do you guys think? Is slight off set an issue? In this case, just drive? Since parking is FOC . Finding parking is it an issue?
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If driving, off strip isn't an issue. Parking is an issue during peak periods. I've had many valets refusing to take in cars when valet (valet is free, just tip them) is near capacity, except for hotel guests. Then either the hotel's carpark is full or you might have to walk very far.
 
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Erwinlow

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Is October a peak period for Vegas? Helping a friend with his bookings and even the Flamingo GO deluxe rooms are about 135usd excluding tax. Only paid 45 and 55usd a night each during my trip in April.
 
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alexljy

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I think the peak depends on weekend or not also. The price difference between weekend and weekdays is about 100 - 200%

October should be Fall, so not peak.
 
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Erwinlow

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alexljy, whole month for october the prices were about the same, barely $20 difference.

hmm...
 
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