Hi there,Thanks for letting me join your forum.After 10 years investing in uk property,I want to start investing in usa.I have done some research on the net.I thought dallas texas could be a good place to start.Although I am open to other ideas.I am in this long term .Perhaps up to 10 years.Any advice would be greatly appriciatedRoger White :D

So you know, our family has lived in the UK for 16 years, so I've watched Sarah Beeny's Property Ladder, Kirstie & Phil and all the rest. 

If you don't have much equity and the house doesn't cash flow, you are then really banking on appreciation, and that's a gamble in my opinion.

Typically, high-risk trades that are almost akin to gambling fall under the umbrella of speculation, whereas lower-risk investments based on fundamentals and analysis fall into the category of investing.

This is a bit of a gamble though.

If you were in the area or if you have someone that really knows the market in the area you could take that gamble and it may pay off but just as easily it could leave you selling for half of what you purchased it for in 5 years.Now my final disclosure, BEFORE YOU BUY ANYTHING in Port Huron you need to go read the new zoning rules that the local government has passed that no longer allows rentals in certain neighborhoods as well as the landlording regulations that require rental certificates and inspections.I do want to let you know that when I started investing in Port Huron in '09 I had hoped to buy bad houses in the Hospital / College area, fix them up and rent them to stabilize that community.

Either way, I believe it is all a gamble if the redevelopment plan comes to fruition or not.  

As my GC says: "if it's stood straight and true for the last 100 years, it'll probably make it at least another 25".Don't get me wrong; there are plenty of issues/problems/quirks that old houses have that new houses don't, and an old house can obviously have hidden problems and big repair/maintenance bills too--which is why thorough due diligence is fundamental to REI...but, the point is: a new house is not a foolproof solution to repairs/maintenance headaches (and in some cases, a brand new house can be a much bigger gamble than an older house).Good luck out there!

I am from the UK.

It may very well come up in the next few years, but it seems like a gamble at the moment.