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Aussie investor killed in US property Market (Read 431 times)

Bobby.

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Aussie investor killed in US property Market
Apr 25^th, 2012 at 9:06pm

The US property market is dangerous to be in.
Aussie investors get ripped off & even killed.
This was from the 7.30 report on ABC.

Watch the video here:

http://www.abc.net.au/news/2012-04-24/aussies-lured-by-dirt-cheap-us-housing/397...

Quote:

Mr Jenman says some Australian investors have lost their lives when trying to chase up tenants who have fallen behind in their rents.

The trial continues in Detroit for the man who allegedly shot and killed Australian investor Greg McNicol from Victoria, who was trying to collect a late rent payment from the accused’s daughter

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Sir lastnail

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Re: Aussie investor killed in US property Market
Reply #1 - Apr 25^th, 2012 at 9:15pm

Gavin Hicks must be Andrei Hick's brother taking advice from Andrei Cheesy

LOL

Quote:

Melbourne school teacher Gavin Hicks believed Andrew Allen’s assurances. He was asked to pay a service fee of $13,000 to invest his $65,000 savings in small apartments in Ohio and a home in Detroit.

But the only tenants he got were squatters. His investment, worth nowhere near what he paid, has now been boarded up and Andrew Allen has gone missing.

"He was making guarantees. They would pay themselves off in a couple of years," Mr Hicks said.

"Even though the house looked fine, the actual neighbourhood – it wasn’t a good idea. It was pretty silly but I was going through what Andrew was saying basically and I had faith in what he was selling.

"If you take out Saddam, I guarantee you that it will have enormous positive reverberations on the region..." - Benjamin Netanyahu in 1995

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Bobby. Gold Member Offline Australian Politics Posts: 121206 Melbourne Gender:	Re: Aussie investor killed in US property Market Reply #2 - Apr 25^th, 2012 at 9:16pm Hi Nail, Looks like Andrei got ripped off.
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Sir lastnail Gold Member Offline Australian Politics Posts: 30923 Gender:	Re: Aussie investor killed in US property Market Reply #3 - Apr 25^th, 2012 at 9:19pm Bobby. wrote on Apr 25^th, 2012 at 9:16pm: Hi Nail, Looks like Andrei got ripped off. It's Ironical that Andrei was telling me today how his parents did well out of property investment. Obviously they didn't buy in the US or they may not be around today LOL
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hawil

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Re: Aussie investor killed in US property Market
Reply #4 - Apr 25^th, 2012 at 9:20pm

Bobby. wrote on Apr 25^th, 2012 at 9:06pm:

The US property market is dangerous to be in.
Aussie investors get ripped off & even killed.
This was from the 7.30 report on ABC.

Watch the video here:
"He was making guarantees. They would pay themselves off in a couple of years," Mr Hicks said.

"He was making guarantees. They would pay themselves off in a couple of years," Mr Hicks said.

If anyone believes something like the above, he/she is either blinded by sheer greed, or must be financially illiterate.

http://www.abc.net.au/news/2012-04-24/aussies-lured-by-dirt-cheap-us-housing/397...

Quote:

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Bobby. Gold Member Offline Australian Politics Posts: 121206 Melbourne Gender:	Re: Aussie investor killed in US property Market Reply #5 - Apr 25^th, 2012 at 9:20pm Hi Nail, You're dealing with street level thugs with guns if you buy US property - it's not easy money. There is always some scam artist trying to rip people off. I am getting so cynical about investing in anything.
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