I'm new to this forum.
I'm an Indian investor who is looking to enter the US property market now that it appears to be undervalued, with low interest rates but i intend to buy in all cash ( upfront payment)
I would appreciate input on how I can effectively invest directly in property - I would be looking for a properties which can be easily rented in residential real-estate areas such as Philidephia - Chester Spring /Exton and other good area in PA ,Florida, Atlanta, Orlando , Boston etc. etc.
Preferably located near market/station/airports/ beaches etc
Also, if I were to purchase property directly in the USA, where would I be best to look for strong growth potential in the next 5-10 years and steady rental income? Also is it possible as an Australian to finance the investment in the USA? where should I look for financing if incase i pay around 70% down payment and balance to top it up though this is not a criteria for my investments in USA ?
Any help is greatly appreciated, where I live in India( Mumbai) and have a 10year Tourist Visa to visit USA at any given point apart i also have few people who can take care in my absence if need be to look into the property.In India at the moment property prices are insanely over-inflated and interest rates are floating at around 9.5% to 11%which makes positive gearing impossible, and dampens growth potential. The US appears to be presenting unique opportunities, especially considering the Indian Rupee is floating around 45INR to one USD, these conditions will not last forever!
Let me start off by saying how very lucky you are to have asked this question.
Stay away from Florida! It has tanked, yes but it will be a long recovery..Now on the other hand one of the wealthies towns(best schools and commute plus low taxes and tons of people wanting exec. rentals..is Greenwich CT.) While property prices are down rentals are sky high(like NYC)! And again taxes are so low and the town offers so much..Many people from all over the world live here or at least come here for a period of time! Happy Hunting..Best zipcode to look in is 06870,06878!
Ha! I don't live far from Greenwich. Yeah, housing prices are down. Instead of costing $2 million for a 2-bedroom house, you can now pick it up for $1.5 million. A one-bedroom, one-bath apartment at Church St. Apartments has been reduced to a measly $529,000.
regret the delay in replying as i was traveling, thanks for the suggestion it seems Greenwich does look to be a good option as you have mentioned the rental are high and being an invester it would be better apart can you forward more details whether an Indian is allowed to buy the property or if you know any good Property manager / real estate mgr lloking into greenwich properties it would be a great help.
what is the percentage market drop in greenwich as of now from the ealrier market price.
There are beautiful homes and buildings just 'sitting' vacant,but I wouldnt say that equates to a healthy real estate market at all.
The economy is not good, so Id be very careful in buying a house.
Good land is a different story.
California has lots of major fault lines you might be interested in.
I know Orlando has a thriving short term rental market due to the presence of Disney World. There's an agent there who specializes in short term rentals and deals a lot with overseas buyers. He can help you with currency exchange issues, etc. His name is J.C. Penny (http://propertyforsaleorlandoflorida.com).
Unique social network for real estate agents
A new social network for real estate professional provide a unique way to promote homes for sale and other real estate buying and selling transactions.
RESocialclub.com launched few months ago and have thousands of members from all over the world.
We provide you with tools such as:
Free classifieds, Free forum, Free video submission, Free events promotions, Free chat service, Free polls and free connections with all our members.
Look at our social network now: www.resocialclub.com
by websclubs 8 years ago
What’ the best way to invest in real estate?
by Stacie L 7 years ago
Many folk are worried about the stock markets now and won't invest. is this making matters worse? or is it the best time to invest?
by Jyoti Kothari 5 years ago
How to invest in real estate?
by Pablo_Gonzalez 6 years ago
Would you say it is a good time to invest in commercial Real Estate or should we wait?I've been interested in Real Estate for quite a while but never got off the fence due to the unsteady market. I'd love to hear an opinion of where this market is going whether residential or commercial.
by PiaC 6 years ago
Is it a good time to invest in real estate now? or is the market still falling?
by ryankett 3 years ago
Which states or cities offer the most bang for your buck? I am looking to acquire American property for investment purposes, in other words to rent it out, with an eye on the long term (enough time for your markets to recover, maybe even 20 or 30 years).I am not looking for the lower end of the...
Copyright © 2019 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|