I know Japanese who invest in the US, got more than a few US clients who invest in Japan, and my mom (plus many others like her) won't look past Australia, even though you'd have better chances finding the proverbial needle in a haystack than finding a positively geared property anywhere but in mining towns down under (and these are here today gone tomorrow - not to mention you'd be hard pressed to buy one property for the price of five in the US these days)...and it goes on and on..

I live (mostly) in Australia, where the real estate scene is similar (actually a bit more growth oriented) - when real estate capital gain potential stopped providing reasonable reliable promise in 2007, I looked for other countries which did.

Apparently the owner passed away in a foreign country and his parents who live in Australia, I heard it is in probate but it is also being foreclosed.

Australia while visiting last year.4 bdrm sprawling ranch that I bought while @ University & rented rooms (but it soon became our beer soaked mech eng faculty frat house).Got it for $2,400 back in '70, owner hold 2.5%.

I enjoy the hands on ESP if it's a rehab.I have a great team that gets things done but the wife handles all the accounting.I have done a lot of deals without even seeing the property other than 'google earth'.While in Australia last year I did 3 deals online making enough to pay for the entire trip.

When in Australia (& being an Aussie Citizen) we opened bank accounts holding the equivalent of term deposits for 7.2%.

HelloI own a condo (located in a homeowner's association community) in Henrico County, VA and need a PMC to take care of it when I move to Australia - permanently - in July.

If We adhered to the 2% rule on the offshore properties we bought we would have missed substantial cap gains.I recently met a builder from the UK that bets on double digit cap gain regardless of rents , the same for my home town in Australia.

Having worked with Australia investors for a few years now sometime I feel like I have a white shirt and red cross on my back sometimes lolThe prices that some foreign investors got spruiked into buying is just insane.I believe if you can assist your acquaintance friend by spending half a day doing some research on the wholesalers and other real estate professionals in the area that might be able to assist with the sale of this property.You can also put a few adds on Craigslist and see of you get any bites.Thanks and have a great day

We only sell to investors outside the USA including NZ and Australia.