Forum Replies Created
You are right!
I spent 8 months investigating the US property market than flew over for a month in July 09 now here again for 6 weeks 100% property.
It sounds like if you have been to some seminars you have a good idea for how investing could benefit you.
Investing overseas isn't for everyone but if you wish to understand it more, I certainly help with support and advice.
I have been looking into this market for 2 years now and now having two investments myself I have learned so much along the way.
The deals I try to secure would get you about 30% under $25,000 total expense.
I have a great network here in Michigan, Attorney and Accountants etcI hope this helps and best of luck where ever you decide to invest.
Thanks correct Nigel, never buy sight unseen if you are not prepared to fly over there forget the idea of buy offshore.
Best of luck in Texas maybe we can catch up some time when we are both in the states.
I know you and I just want the investor to be careful and to watch out for sharks. If they are reading these type of forums they are already on their way to doing some good homework before investing.
Let's agree to disagree you love Texas It's apart of your business and that's great it works for you no problems.
I love Michigan State not Detroit alone so let's clear that up. I have investments there at 75% ROIPrices rose in 67 out of 151 metro areas in the fourth quarter compared with a year earlier. Only 30 areas had annual
price increases in the third quarter. Sixteen areas had double-digit increases last quarter, led by Saginaw, Michigan, up 53.5%
"There's a growing body of evidence that the housing market has stabilized. The question is how quickly can it recoverand will we bump along at the bottom for a couple of months?" says Bernard Baumohl, chief global economist at theEconomic Outlook Group. "In the first couple of months of 2010, we should see a healthy turnaround."By Stephanie Armour, USA TODAY
Let's say if people want to buy in Texas you seem to be the guy
And if people want to buy in Michigan I could be the guyBut all investors should do their homework where ever they buy.
I personally buy all our property overseas whilst in Michigan too.I have not spent any time in Texas so therefore would not know about this market and would not like to go off what I may see in the news etc about that state.
Best of luck quite a few companies are into Texas so something must be working in that area.
Nigel
Not implying anything towards your services at all just informing investors generally about investing in America. Michigan is a great state to invest as I am sure Texas is as well.
Nigel
It is very important to have a great network and you should never buy sight unseen and also be aware most agents load property with an additional fee just be careful of this too.
Always check your property in America against http://www.zillow.com and other sites like this to ensure what the seller is saying is correct.
We do have a brilliant network in America and currently running property tours to ensure full confidence in these investments.
Best of luck where ever you decide to invest.Hello worried investors
I understand concerns about buying in America.
What I suggest is get over there, make a small investment in your time / education first hand and get the facts.
Flights to the US are under $1,500
I have done it and investing has never been better.
There is so much information out there and many companies wanting to take your money for little return preying on your insecurities, I suggest just go where you want to invest, get stuck into it and have a few days holiday whilst you are there.If it happens Michigan is your interest I have a free talk as per the website and if it is not Michigan that is ok too.
Feel free to purchase your investments where ever you feel the best deal is I was only speaking from my search in the UAS in July this year where i walked through many homes in many areas and looked at the plus and negatives. Like I said you should buy where you feel most comfortable.
Detroit works for me maybe not your cup of teaSounds a bit defensive Nigel
I speak from first hand experience and own property there just trying to let investors know there are bad areas in every city which to stay clear of, but in the good areas of Detroit it is bargin buying with strong rental demand with homes at 70% below market price.
Sure don't buy there keep putting it down, stay clear, the sky is falling, watch out everybody run for cover, the more bad press the more bargains also it is the hottest spot on the planet for property investing today, did i not mention that.
I agree it has high unemployment and high crime but that draws attention to Detroit and also causes action and support which generally means money from the feds.
Programs are under way just check out some positive stories once in a whileSo you have been to Buffalo and looked at the market first hand?
I have walked through many homes in Las Vegas, Rochester, Buffalo and Detroit just a few months ago and thesemarkets are worlds apart could not even be compared to one another (Buffalo & Detroit)
for example homes under $30,000 in Buffalo were about the same price 10 years ago
Homes in Detroit under $30,000 were well over $100,000 2 years agoThe quality of homes are very different also and rental demand for a good home in a good area is very high in Detroit, I should know I own rental homes there
I was on the ground and I going back in March, If you don't feel great about Detroit fine
One less investor who won't be in my way
If you change you tune and want to see for yourself try my property tour it will change your mindDetroit / Investing in America
Get the real deal and see what's really going on
Detroit is firing with passive income like many other parts of America
Get yourself on an investment tour and learn and invest, best of luckHey MJ
I was over in NY in July looking at loads of investment properties around Rochester and Buffalo but found a much higher quality of home with better returns elsewhere in America.
If it return on investment and knowledge about investing in America send me an email.
Jason Simpson
Hello again
I have been property investing in America and know a multi property is a nightmare you will see the dollar sign on cash flow but look right through the real issues and have at least one unit empty most of the time.
Why
Well the bargain properties sell around $30,000USD Rochester, Buffalo and Las Vegas I should know I was there in July this year walked through heaps of them, and they are old like most of the properties under $100,000USD and noise and all sorts of issues arise just for a start and what demand would a multi home offer against a single family home where everything is yours?
Single family is the way to go and will deliver more passive income and be in demand form renters always.I just read in the latest Success magazine something like (don't quote me) Warren Buffett buys when people are scared and sells when the market is strong and this guy just spent something like 200 million on the stock market in two companies,
I think General Electric was one but anyway what I am trying to say be scared if you want to be scared and this will slip by.Now is the time to strike and now is the time to grab this market by the neck and take advantage of the hottest property market in the world!
Can you imagine Warren Buffet buying stock in the market now? who dose he think he is……oh that's right a billionaire
Buy when the market crashes and sell when it strong or hang onto the passive income.
I went to the states just for this reason and with all the problems and lack of information on this off shore investing I have established a website to walk people through it stress free.
Detroit is the place to be it is red hot quality homes with great demand and high rents and the more people put it down bad this bad that all the better for me because I have seen it I have homes there and I love it, the more doom and gloom the longer the low prices may last and the more property i can secure for passive incomeBe sure when getting advice always ask if they have done what they are talking about first and be sure they did it correct.
Best of luck with your investing and hope you find passive income soon.
Hello
Jason here and I have just come back from America looking at investment potential property and have loads of information on my website http://www.cashflowgold.com.auJason
Homes for $1.50?
Well I just came back from the US and $1.50 is over priced I seen homes for $0.50 lol seriously but don't think bargain because you would never rent it.On the other hand there are bargains about and you would be foolish not to try and take advantage of this massive property meltdown in America if you have some cash or equity.
I have done the hard yards finding the great deals in high rental demand areas at http://www.cashflowgold.com.auJason
Jeff
Hey mate I just came back from the states in August and the reason I was there was to buy / look at property in Rochester NY, Buffalo NY, Las Vegas NV and Detroit I spent 27 days looking at all types of homes and speaking to management and property agents. I had about 8 months prep before I left and had seen thousand of homes online before arriving. drop me an email through my website if you have any questions.
Jason Simpson
http://www.cashflowgold.com.auRowen
I have been to America looking for the great deals and purchased some great passive income property.
Better still I can take investors through every step of the process http://www.cashflowgold.com.auJason
Hello Brennan
Mate I just got my website setup this week with all this information on it for Australian investors to grab a US bargin check it out and email me if you like on anything I may have missed.
