I think it has been over valued for awhile and the currency manipulation in China has a large effect on everything as well.

About your interest in my market: Brazil has entered into a recession and is now fighting against a political crisis, where congress and president can't agree on fiscal adjustments that must be made to "stop the bleed", Not to mention that currency devalued over 50% in the last 18 months (think of inflation in a recession environment), unemployment rise, and interest rate up at 14.25%, hence credit became scarce and expensive.In this light, construction industry, that represents 10% of our GDP, is among the ones that are suffering the most: prices going down, growing unsold inventory (24 months in certain zip codes), etc.

I have an income statement from 2008 for the 5th floor when most of the building was leased and everyone was paying their fair share - Net income of $11877 for the floor  (that was after property/special taxes)Presently I believe a few things could be cut out (they may have already) for ex, there was a 300 per mo mgmt fee charged per floor, $276 per mo per floor janitorial fee, $325 per mo per floor maintenance fee, electric of $615 to 1000 charge (thinking it's that high due to others not paying) on the 2012 statement I have.So the upside for larger cash flow is there and if you could change the ownership structure the price appreciation of the building as well. 

That is, the Ringgit will eventually recover and I see this as nothing more than an opportunity to buy what's already cheap real estate at a cash discount.The flip side, of course, is you'll receive rent in a depressed currency so you either have to spend the money locally (buy more property?)

I have a deep background and knowledge of trading stocks and FX (currencies) for about 4 years with personal accounts but now want to learn about REI.

Evaluate the owner's expenses and add on anything they may have not counted for, ex. reserve to replace, cost for marketing, accounting, legal fees, etc.What is the area cap rate?

., you will be at a competitive disadvantage when it comes to many major forms of financing, especially given the currency headwinds you're facing in Oz.

The problem with investing in foreign markets is you risk the chance of a currency decline."

I then look to grow my fund into a $100M fund within 10 years to parlay the growth into the banking industry.In my self storage business, I am focusing on acquiring an additional 40 self storage facilities in the next 10 years with the goal of either taking Social Self Storage public or being acquired by a self storage REIT.In my real estate investment business, I will be growing my portfolio to include an additional 500+ units in the next 5 years to hedge against inflation and to balance my lending business.In my wholesale business, I am currently working on automating the Chicago and Indianapolis markets to completely remove myself from the business within the next 18 months and will be scaling up to 10 properties sold per month per market.I am always looking for solid long-term business relationships, be it with experienced real estate investors who are in need of capital, equity partners looking to get a solid return on their money, strategic joint venture partners who are growth oriented, or foreign investors looking to hedge their U.S. currency holdings against inflation through the acquisition of U.S. cash flowing assets.Shoot me a line and lets start making some money together!

(For ex: Do you know of a company with a large conference room/meeting room?