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Hi Jeff, Do you mind sharing which parts of USA are you investing in? Thx, Kate
British Buyer wrote:I'm now really divided between buying a single-family home (I like the idea of the privacy, plus no HOA fees) or a condo, since condo prices have been beaten down
Hi Steven,
My opinion is that if I am going to travel there quite frequently, or live there for parts of the year, I’m going for SFR, if I’m not going to go there at all, I’ll choose good quality Apt/Condos (sort of buy-and-forget). I’m not sure of your investment strategy, whether you are chasing +ve CF or Capitals gain. I think holding land in a land-scarce area would provide more CG potential than otherwise. Although depreciation on buildings exist on all property types, the downside of SFR is the maintainence issue, and of course it’s related to property management as well. Apartment/Condo might be easier to maintain, but HOA hits hard and I’ve read somewhere that some HOA’s are going bankrupt, so there’s uncertainty too. It depends on whether it’s going to your own future residence or purely for investment. I’m struggling to make a decision between the two types too.
Since you are now on the ground, what is your opinion on the property market outlook for Miami? Still pretty depressed or do you perceive signs of light (potential CG?)?
I’m currently looking at Las Vegas at the same time, obviously the vacancy rate on the SFRs in LV is extremely low. You did mention you researched LV as it had the one of the biggest market crashes, what was your reason to prefer Miami over LV?
Kate
Hi Steve,
I have been reading your posts and found them quite interesting.
I too profited from the ever-rising Real estate market in SH and now I’m looking to shift some investments to US as the entry cost in either Aus or SH is too high, ESP in Aus positive cash flow is pretty much unheard of these days, and in the latter policy plays a imp part and it’s associated with uncertainly.I’m looking to go to US in a few months time and gather some first hand info, I too have a 2 yr old which makes planning the trip a bit harder.My choices are the southern states like Florida, Arizona, maybe California, where there’s nice weather and tourist attraction such as the beach.. I’d be interested to find out how your trip to Miami goes and your opinion of Miami.
I am still unsure whether to look at property that are priced at the low end of scale or more premium ones. The return works out to be better on the cheaper ones but I’m not sure of future outlook or volatility on them, and if I hold many of them there might be management issues. On the other hand i can put all my money on one property, the return is less but it’s easier to for me to manage. I’m interested to know what are ur thoughts on this.
I noticed that you mentioned drawing $ out of Mainland could be a difficulty. PM me if u would like to know my way of doing it.
Well, keep us posted of any news from Miami.
Take care.
