Forum Replies Created
- AmericaPropertySource wrote:younginvester wrote:
POOR WOMAN, im am very curious/concerned about your comments on USPW and 21st century property direct usa phoenix tours. as im a 23 year old heading over on there next tour on wednesday looking to try invest in the usa property market. if you have had anything to do with both these companies. any comments on your experience with them, either positive or negative would be greatly appreciated. as im heading over in 2days it would be greatly appreciated to get access to your knowledge of the company before i arrive in the states.
Younginvestor,
I own investment property in Phoenix. It's a great market if you're in the right areas. Just because you're on a tour doesn't mean that you have to make a purchase. All US property markets have their good & bad investment pockets. I don't recommend buying a SFR in Phx for less than $50k. Don't consider any SFR that isn't a 3 bed / 2 bath minimum. Stay away from South Phoenix. Ask questions. Speak with a title agent for an explanation of how US properties are settled/closed (it's different than Australia). Make sure that you have a good feeling about your property manager, they're critical to the success of your investment! Enjoy your trip.
Fellow Buyers, i have also purchased several properties in Phoenix and Las Vegas. The challenge is to find somebody that you can trust and is not going to offer you a “deal” then find out down the road that they are making 35-40% profit because you do not know what you are doing. A fair profit margin is 20-25% gross profit. Any legitimate company should not be afraid to show you what they paid for the property. buying a $87,000 property that is only worth $77,000 and then find out the seller paid $45,000 is not a good deal. If you want some decent people email me.
