There is a lot of money to be made in US Property market. However, there is also a major risk. Two Asian clients bought off the internet from the MLS. They selected the properties based on the Google Street View and went to the US after about 6 months to see what they acquired. They were highly disappointed. The cheap prices and properties…[Read more]

Two Asian Clients went on a trip to the US after purchasing properties on the internet based on what they saw on Google Street View. They were highly disappointed. Make sure you have someone here to be your eyes and ears. Do your research and go with a company that offers management “in house”. We had a list of 50 properties as a bulk…[Read more]

At 5% over 3 years you will pay $1000 interest and all property taxes and management fees will be paid by seller.

Citibank is lending now to acquire US property.  Call them to find out their underwriting guidelines.  I know it is not based on the property to purchase but they may need some sort of collateral.

My intention on this forum is to inform my fellow citizens and not to tell anyone where to invest.  I am using my previous negative experiences to educated people about what to look for.  As for myself, I have been investing in Detroit for the past few years.  The cashflow I am seeing is amazing and it outweighs any upside potential.  Even if the…[Read more]

Tips when buying US Properties:Make sure the company owns the property and is not assigning contracts.Smaller companies I have dealt with offer better prices and services as opposed to the bigger onesWhen companies have many listings it is not a good sign. It is impossible to know about all of them. Also they usually assign contracts and sell…[Read more]

Folks I would only hope that you educate yourself enough about US real estate investing.  There is a whole lot you need to know when making your decisions.  My us agent on the ground over there is now my partner.  She does seminar presentations in New York and was a great mentor for me.  There is a MAJOR difference in companies that only who…[Read more]

Overseas investors are taxes the same way as us investors.  You can prepay taxes before the funds leave the US and when you file your year end tax return, you claim your expenses and maybe eligible for a refund from the IRS depending on your tax bracket.  The tax bracket is determined by the amount of income produced by the rentals. 

pc9geek wrote:
I have a couple of questions for you US investors Can you comment on any of the following have you ever had a Chapter 8 tenant? Ever bought at a Sheriff's sale? Ever run the eviction process through to Bailiff removal? Ever had a bought a property with an existing undeclared lien? Thanks in advance Steve

There are companies…[Read more]