Some guidance please...

[Andrew O.]

I was just Skyping my father, with whom I discuss various investment opportunities; he mentioned a venture he has invested in recently.

He has invested in a conglomerate who own various resorts around Australia, his buy in bought him a percentage in a particular resort (a beautiful beach side resort). This is a passive investment, which is yielding him 20% net annualized. Is this type of deal happening in the USA with similar returns? I don't want to send my money to Australia until the exchange rate falls some more.

I have been reading a little about joint ventures in commercial real estate, is that somewhat similar to what I have described? Sorry for the newb questions, the differences between Australia and the US can be great at times!

Thanks for any input/advice.

Andrew