All Topics / General Property / International Investing The United States
I have just return from the United States and New Zealand. The purpose of my trip was to buy some properties in New Zealand and further study the markets in the United States. If you are to be a successful investor it is important to look at markets outside Australia providing that they offer decent returns and are in safe locations. I am not a gambler, I do not believe in taking risks with my money or investors. Providing that you do the research investing is safe. It is important to develop a team of people wherever you are looking to purchase. In New Zealand I have a team on the ground who are always keeping there eyes out for good deals. Our team includes spotters, Real Estate agents, property Managers who are independent of any real Estate agents. International finance brokers, solicitors, accountants and building inspectors. The quality of your team can make all the difference between investing being a pleasure or a painful experience.
My role is to find the best deals. Once I have done that, conferring with my team gives me the opportunity to double check all my decisions, that way there is little or no chance of mistakes being made. In Australia and New Zealand my teams are in place and where there are opportunities I find them.
The United States became a challenge on a number of fronts. Firstly it was important to gain an understanding of how the market works. Many Australians have been investing in Buffalo in upper state New York. While the return on paper looked good by the time you took the taxes away, the returns were only average. That’s not to say that there may be some good deals there, but I prefer safer markets. It was also important to keep I mind is that although properties are cheap, it is very difficult to obtain finance and in many cases it is difficult to find good property managers. Clearly when you are so far away a good property manager is an integral part of any investment strategy. You also have to look at the quality of the tenants in any given area. After reviewing the Buffalo market I determined that it was not the best place for me or my clients to invest in.
Presently I am focusing on Texas, there are a number of advantages firstly the taxes are lower than in many other parts of the United States. Before I travelled to Texas two of my associates had already been there and started to establish the teams that we required to commence investing there. We have found that buying apartment building gives the greatest return and prospects for capital growth. While there I inspected around 9 apartment complexes and numerous houses in different areas and price ranges.
We now have property managers, solicitors and accountants on the ground, together with agents and foreclosure specialists.Foreclosures provide the greatest opportunity to acquire properties at under market price; however there are a number of rules that apply. Once you understand the rules you need to know the values. If you are interested in the United States and would like more information regarding general investing or foreclosures please let me know and I can discuss a series of strategies with you.
[Edited by Admin: Content removed as a result of violation of terms of service re: inappropriate advertising.]
Nigel Kibel
http://www.propertyknowhow.com.au
Australian and New Zealand The United States Property Researcher and education
One Day property investment research workshop The United States. Please register your interestNigel Kibel | Property Know How
http://propertyknowhow.com.au
Email Me | Phone MeWe have just launched a new website join our membership today
All sounds good Nigel.
May i ask how many properties you own in the USA?
Cheers Richard
Ph: 07 3720 1888
[email protected]
http://www.yourstatefinance.comSpecialising in US & IP finance.
Richard Taylor | Australia's leading private lender
I have been studying the market for some time. I do not jump in without knowing the plans. I am involved in a number of projects and will be looking at a lot more next year. How many do you own since your such a finance expert.
Nigel Kibel
http://www.propertyknowhow.com.au
Australian and New Zealand The United States Property Researcher and education
One Day property investment research workshop The United States. Please register your interestNigel Kibel | Property Know How
http://propertyknowhow.com.au
Email Me | Phone MeWe have just launched a new website join our membership today
Purchased a 4 unit multi unit dwelling and a single family dwelling on the beach front in San Juan Capsitrano, California in 1985 with my sister whilst living in the UK.
In 20 years the property has gone up over 20 fold
We still own the property and have set up a HELOC against it for additional purchases.
So Yes I also do my homework.
Cheers Richard
Ph: 07 3720 1888
[email protected]
http://www.yourstatefinance.comSpecialising in US & IP finance.
Richard Taylor | Australia's leading private lender
Hi all,
Nice job richard. Who says long term investing is a bad strategy. Keep us posted nigel.
Cheers
[email protected]
Property Spotters living in NZ .
We are active in this market and buy Properties directly from the public. Maybe you want to sell?
Email now to receive info on the lastest deals.Hi Nigel,
Fantastic advertising pitch for USA. How many times have you been there too further your research. How many properties do you own there personally. How long have you been investing in this market.Awaiting to hear your response. Also could you answer Richards very valid question? Thanks Martin[biggrin]There are 3 types of people:1. People who make things happen.
2. People who watch what happens.
3. People who wondered what happened.I answered Richards Question. I do this professionally. I currently own lots of properties. In the United States we are currently working on a number of deals. I do not go into more detail than that. But rest assured we will move in an organised fashion
Nigel Kibel
http://www.propertyknowhow.com.au
Australian and New Zealand The United States Property Researcher and education
One Day property investment research workshop The United States. Please register your interestNigel Kibel | Property Know How
http://propertyknowhow.com.au
Email Me | Phone MeWe have just launched a new website join our membership today
Hi Nigel
Can you please clarify for me about what your offering
1.You were charging $250 + for info seminars on investing i the USA. You haven’t bought anything yourself yet. But you have been there last week. So you do have some level of experience.
2. You have been going on for the past weeks about the importance of a team, quite rightly i should add. Your much tauted team in the US is untested, you haven’t bought through them yet? But you have confidence for us to use them because you have met them ?
3. You attack me becuase i’ve bought in buffalo, Yet you haven’t been to Buffalo yet? And while i never promote Buffalo as a growth area, You publically state that i do ? But refuse to retract these comments even when you know they aren’t true. And yes Buffalo does have some issues as you have rightly mentioned, i believe this market is much more attractive than OZ or NZ at the moment. As i’ve said before i’m selling NZ to finanace buying in USA mainly Texas.
4. Even though Buffalo has had 10% capital growth over the past 12 months – a fact that You know because i’ve told you and is available to everyone, you say there will never be Capital growth there. (even though it has had growth i’m not promoting it as a growth market- Unlike Texas which we think has all the indications of Growth- But we still can’t guarantee it)
5. You Critize me for investing in the US even though you have followed me to exactly the market i’ve been working for the past 12 month – San Antonio in Texas. It was even my research information that i provided to your partners that got you stated in Texas !
Brisbane 04 and Qld 007 the way i see it Nigels the only one on this thread who doesn’t own property in the USA ! (sorry Don may not either) Brisbane 04 if you don’t mind me saying this – you own property in two states including texas and youhave a great knowldge of investing in the USA, you should start charging $400.
Now i’m off on holiday for 3 weeks then home to OZ so i will not be able to comment any more, have fun guys.
regards westan
Bye for a while, i’m moving back to Australia
Buy in the USA [email protected]Frankly Western you do not know what I own or do not own. I can tell you that once we have all the facts we will recommend where to purchase. Not get our clients to buy there first. I am a researcher. The course I offer trains people to do the research and I am sure you know wherever you purchase the principles are the same. I have the view that if people are dealing with me they shpould have enough knowledge to question my advice. Tell me where in Australia and you moving to, I thought you mihght have moved to America. Have a good holiday
Nigel Kibel
http://www.propertyknowhow.com.au
Australian and New Zealand The United States Property Researcher and education
One Day property investment research workshop The United States. Please register your interestNigel Kibel | Property Know How
http://propertyknowhow.com.au
Email Me | Phone MeWe have just launched a new website join our membership today
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