All Topics / Overseas Deals / What are your hot picks for the US?

Viewing 8 posts - 1 through 8 (of 8 total)
  • Profile photo of Brett SBrett S
    Participant
    @brett-simpson
    Join Date: 2010
    Post Count: 1

    Merry Christmas everyone,
    If you were to invest in the States in residential 3/2 houses for both capital gains and cash flow, where would you recommend investing in the next quarter?
    Has anyone sighted recent and reliable market updates for the US?

    Profile photo of RedwoodRedwood
    Participant
    @redwood
    Join Date: 2013
    Post Count: 340

    Hi Brett,

    Welcome – capital gain and cash flow well thats the golden question isn’t it!

    We are seeing significant investment in Atlanta, Athens Georgia. Also a heap in Florida and TX. But this investment depends on your structure in AUS (i.e personal v SMSF) and also your investment strategy which may be quality v quantity. For instance you will find the average price in TX higher than Georgia, thats Quality v Quantity. The AUD v USD is definitely having an impact on demand and rightly so, but real due diligence will have an impact on a good investment in the long term.

    All of the above will determine the answer to your question on what is a reliable market in the USA.

    Cheers Ivan

    Redwood | REDWOOD | SMSF | PROPERTY | FINANCE
    http://redwoodadvisory.com.au
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    SMSF - PROPERTY INVESTMENT - WEALTH CREATION AND FINANCE SOLUTIONS

    Profile photo of Nigel KibelNigel Kibel
    Participant
    @nigel-kibel
    Join Date: 2005
    Post Count: 1,425

    I am a big fan of Texas and Florida but I am mainly focusing on Orlando at present. In all cases the states determine lending policy so back in 2006 during the boom most homeowners in Texas still had to have a 20% deposit to buy a house in Florida you needed a pulse beat. The end result was when the GFC happened, in states like Texas the medium price help well. In Florida prices were over the top and fall sharply.

    So in 2014 it has been possible to buy properties with much higher returns and growth in Florida than Texas

    But I agree with Ivan it is a matter of looking at your individual position and working out what you want to achieve.

    • This reply was modified 9 years, 10 months ago by Profile photo of Nigel Kibel Nigel Kibel.

    Nigel Kibel | Property Know How
    http://propertyknowhow.com.au
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    Profile photo of SAHSAH
    Participant
    @sah
    Join Date: 2012
    Post Count: 28

    I have been investing in the Atlanta market for years now. Its predicted to be one of the growth markets for 2015.
    http://money.cnn.com/2014/12/04/real_estate/hot-housing-markets/

    I have mainly been targeting newer constructed dwellings, a 3 x 2 you may pick up for 60 – 100k and achieve a NET yield of 8 – 10% after paying insurance, HOA (equivelant of our strata), property management and county taxes (council rates).

    I think all the markets mentioned above (Florida, Atlanta and Texas) are all good markets and worthy of consideration.

    Texas is a very solid market but did not see the price falls that the others had after the GFC hence bigger discounts in the other 2 markets.

    Profile photo of stumpiestumpie
    Participant
    @stumpie
    Join Date: 2015
    Post Count: 1

    Nigel

    Are you a buyer’s agent in the US? i’m particularly interested to have a contact in Florida to help me.

    cheers

    Profile photo of RedwoodRedwood
    Participant
    @redwood
    Join Date: 2013
    Post Count: 340

    Hi Stumpie, Nigel has a team on the ground in Florida, he may actually be there now or in the next week or so, and his business partner is based in florida.

    What are looking to do? Nigel definitely has great contacts on the ground from his partner, to PMs and multiple accountants/ attorneys, so reach out to him in the first instance to assess your strategy.

    There are great opportunities in Florida (don’t scratch your head over the declining Exchange rate), Nigel will definitely be of assistance particularly as he is there now or in the next week.

    Cheers, Ivan

    Redwood | REDWOOD | SMSF | PROPERTY | FINANCE
    http://redwoodadvisory.com.au
    Email Me | Phone Me

    SMSF - PROPERTY INVESTMENT - WEALTH CREATION AND FINANCE SOLUTIONS

    Profile photo of Nigel KibelNigel Kibel
    Participant
    @nigel-kibel
    Join Date: 2005
    Post Count: 1,425

    Hi Stumpie

    Yes we work as buyers agents but run a complete service

    Send me your contact details and only to happy to have a chat

    My email is [email protected]

    We also work with some of the best people in the industry which is why if anyone is looking to set up a self managed super fund for US investing I would always refer them to Ivan or Redwood as he is known here

    Nigel Kibel | Property Know How
    http://propertyknowhow.com.au
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    We have just launched a new website join our membership today

    Profile photo of EngeloRumoraEngeloRumora
    Participant
    @engelorumora
    Join Date: 2010
    Post Count: 618

    Hi Brett,

    My picks are Ohio and Michigan and other states on the Midwest.

    The media is pumping high unemployment and declining populations which is keeping Mr Wall St from waving his magic wand and pumping $2b into these markets.

    Much of this is not the case for many pockets in cities across Ohio and Michigan.

    We are seeing great value and returns and I feel like a kid in a candy store at times haha

    Thanks and have a great day.

    EngeloRumora | Ohio Cashflow
    http://ohiocashflow.com/
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    F@#$ THE REST WORK WITH OHIO CASHFLOW TO INVEST

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