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?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
Email Me | Phone MeSMSF - PROPERTY INVESTMENT - WEALTH CREATION AND FINANCE SOLUTIONS
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.
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This reply was modified 10 years ago by
Nigel Kibel.
Nigel Kibel | Property Know How
http://propertyknowhow.com.au
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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.
Nigel
Are you a buyer’s agent in the US? i’m particularly interested to have a contact in Florida to help me.
cheers
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 MeSMSF - PROPERTY INVESTMENT - WEALTH CREATION AND FINANCE SOLUTIONS
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
Email Me | Phone MeWe have just launched a new website join our membership today
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 $2b into these markets.
Much of this is not the case for many pockets in cities across Ohio and Michigan.
We are seeing great value and returns and I feel like a kid in a candy store at times haha
Thanks and have a great day.
EngeloRumora | Ohio Cashflow
http://ohiocashflow.com/
Email Me | Phone MeF@#$ THE REST WORK WITH OHIO CASHFLOW TO INVEST
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This reply was modified 10 years ago by
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