Even at the current inflated levels US prices are still 1/3 that of the UK and 1/2 that of Europes as a whole.

Are you presently in the UK?

So basically if I can invest in LA, I would have but at this moment there is just no way I am going to take on such a big gamble on a slowing market.

Assuming a mosdest gain of 5% appreciation a year after 5 years the home is worth $638,000 and you still owe $500,000.Always remeber that with a Intrest Only loan you are gambling on your home appriciating.

The ARM is going to start adjusting, but if you want to gamble and think rates will go down by when the rate starts to re-adjust, an ARM may be for you.

If it's a land locked lot, meaning there is no access to it except through someone elses land, it could be quite a gamble and may pay off big time.

I have been dabbling in RE investment for 15+ years, starting out with my first home in the UK.

Hi EddieWelcome to the group...I'm a newbie too, originally from the UK.

But anyone who thinks that appreciation is going to bail them out of a low or negative cashflow situation is gambling, pure and simple.

I saw your ad that you are in need of a loan of about $700k.I would be willing to offer the financial services you require at 4% to you from uk.