Added over 9 years ago

Attractions of the US Market

The residential property market in the US appears to be one of the most attractive investments due to the drop in value over the past few years from the effects of the Global Financial Crisis. Home values in states like Florida, Las Vegas, Nevada and Tennessee have fallen between 60 and 80% since the start of 2008 with prices for property which can be as low as $12,800 in Florida in November 2009 and three to four bedrooms selling between $30,000 and $40,000 in Memphis, Tennessee nd Orlando, Florida. However, US property experts such as Steve McKnight, author of the best-selling book From 0 to 130 Properties in 3.5 years says that although property prices are cheap, “you musn’t invest for capital gains” and “if you’re after cash flow, then the US holds more appeal” with many rental properties offering a rental yield between 10-13% net a year. There are a number of key risks that should be considered in any analysis of property investments abroad – 1) Make sure you have a good property manager 2) Ensure that the property title is free and clear of any debt 3) Avoid cities with low socio economic ratings

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