Hope everyone has a great New Years, I'm off to Australia for three weeks... if it wasn't for my enthusiasm for getting into REI I don't think I'd come back.

Mostly in New Zealand and Australia.

U R what you see, what hear, what u smell, what u read.Many people only know their back yard or their state.The USA is one of the most diverse countries (money, politics, attitudes, etc) in the world.I have lived in Ireland, France, Australia, and New Zealand, worked in IRE, NZ and AU.There's a different flavor to the USA!

We (over here in Australia) are currently negotiating about 3 of them and plan to have about 50 done in the next 12 months.These are positive cashflow deals with both frontend and backend profit and are being done by many people over here.It does not work with every property.

from Australia it looks very strange to me I see homes for sale starting from $1, take 1 mile out of Chicago central I see a 3 bedroom house for something like $7,000 which seems rather cheap for a location so close to the centre of the city.

Maybe we should buy land in China and rent it out, that would bring in foreign income, or buy land in Australia or NZ or Europe or somewhere.

G'Day,Moved here from Australia a lil over a year ago and have since become interested in real estate.

NZ is negatively geared these days, as Australia has been for a number of years. 

I messaged the owner (who is from Australia) and wrote a bad review on it.

:In PA, and in other states, auctions can mean different things.There are private auctions where I just choose to sell my home in an auction scenario (I actually think this is pretty common in Australia - maybe someone from Oz and chime in on that).Auctions can also refer to the compelled or forced sale of a property by the State/County for various reasons.I assume you are asking about the 2 most common forced sales - foreclosures (failure to pay your mortgage, bank sues and the Sherriff sells your home to satisfy the bank) and tax sales (failure to pay your taxes and the State/County sells your home to satisfy your tax bill).I have not participated in the PA foreclosure and tax sale business in 20 years, so things may have changed, but if someone here is more up to date maybe they can correct my answer with new info.Both types of sales have their own areas of risk that you need to educate yourself on.Value is a top issue - you need to know how much the home is really worth before you get into any of the below.