View Full Version : 5 US properties for just USD200k!
Watch a few ads from on tv from www.usadirect.asia.
Any forummer here transacted with them?
Am skeptical about it...
Watch a few ads from on tv from www.usadirect.asia.
Any forummer here transacted with them?
Am skeptical about it...
Is just a marketing bluff and stufff
Watch a few ads from on tv from www.usadirect.asia (http://www.usadirect.asia).
Any forummer here transacted with them?
Am skeptical about it...
In the path of cyclones, beside the dikes or in mafia infested areas maybe...
Watch a few ads from on tv from www.usadirect.asia.
Any forummer here transacted with them?
Am skeptical about it...
At this price, you are already paying retail rates. The wholesale price should be about 5-10k per SFH in a list.
There are many issues associating with the buying of US properties. Just to highlight some that I can recall now
1. most of the agents are selling at a margin of 50% or more
2. the sum involved is always between US$35,000 to US$50,000 per unit. So, u will not make a trip there to check and manage
3. u need to form a LLC
4. u need to find out the tax structure, including state tax, federal tax, capital gain tax and income tax
5. u must find out the crime rate
6. the quality of tenants
7. the state of the property, most of them are in bad conditions
8. u need to buy title insurance
9. no loan can be taken
10. exchange risk
11. who is going to manage your property, can they be trusted
12. the job situation there
13. the surrounding location, at time, one street difference is a lot of difference in term of price
14. is it a brick built property? how old etc...
15. insurance
16. replacement value of the property
17. what u see in the foto may not be what u get
18. cost of legal proceeding is very high
19. u must buy insurance for the property
20. the tenant may damage ur property if u want to chase them out
21. is it in the natural disaster zone
There are simply a lot to consider
so, in other words, dun just buy becos it is cheap, now properties in US are going for a song...and I have a team of friends, pooling capital together, and full time there just to buy...the due diligence work is critical
and it is not as simple as a lot of people thought
devilplate
28-09-11, 09:29
Ppty in san fran facing the bay nvr drop but increase instead:(
Ppty in san fran facing the bay nvr drop but increase instead:(
Yes, ur right,
there are only couple of properties like that
SF Bay area
Beverly Hill
NY, mid town, like Madison area
It is even more difficult to buy into NY good properties, what I understood u need to hv a co-operative. Anyway, I did not spend time on NY property market.
A lot of people are now buying into FL and TX but avoid NV
I heard property tax in the US is very high.
UK is more like SG.
Not familiar and not too keen - if I were interested I'd go in via REITS.
They have many classifications - Resi, Office, Storage, Indus, Resorts etc.
Why bother with messy issues half way around the world?
Is just a marketing bluff and stufff
Kinda of same thinking and mire incline to negative aspect.
In the path of cyclones, beside the dikes or in mafia infested areas maybe...
Or next to high tension cable... (no offense to bro Teddy and regulator)...:D
At this price, you are already paying retail rates. The wholesale price should be about 5-10k per SFH in a list.
Sure or not? With " " izzit? ;)
There are many issues associating with the buying of US properties. Just to highlight some that I can recall now
1. most of the agents are selling at a margin of 50% or more
2. the sum involved is always between US$35,000 to US$50,000 per unit. So,
...
20. the tenant may damage ur property if u want to chase them out
21. is it in the natural disaster zone
Wow.. Big list! Read liao also sian half...:scared-5:
I heard property tax in the US is very high.
UK is more like SG.
Not familiar and not too keen - if I were interested I'd go in via REITS.
They have many classifications - Resi, Office, Storage, Indus, Resorts etc.
Why bother with messy issues half way around the world?
Am curious US property tax% is?
One issue I have overlooked
most the properties listed are old, perhaps even 50 years old and require rehab.
If ur not there to do the rehab, then it will be very costly for a third party to do for u
Too high a risk to invest in US property market due to so much uncertainity. Just like those land banking companies selling land in US and UK. Americans are investing abroad and I do not see why people are buying into US.
Too high a risk to invest in US property market due to so much uncertainity. Just like those land banking companies selling land in US and UK. Americans are investing abroad and I do not see why people are buying into US.
A lot of people are selling into the following points
Triple low : low US$, low interest rate, and low prices
lower than replacement cost as well
but they have forgotten, tomorrow could be even lower.
Hv a few friends bot into London properties last two years, ya,
price been stable, but exchange has suffered so much.
Have friends in the popular west coast told me that things are not so bright there.
A lot of people are selling into the following points
Triple low : low US$, low interest rate, and low prices
lower than replacement cost as well
but they have forgotten, tomorrow could be even lower.
Hv a few friends bot into London properties last two years, ya,
price been stable, but exchange has suffered so much.
Have friends in the popular west coast told me that things are not so bright there.
Price at the Bay area is still very strong
anyway, I have parked some money in FL...and dun want to think about it
most of the time just pay and pay for the maintanence and home insurance
Price at the Bay area is still very strong
anyway, I have parked some money in FL...and dun want to think about it
most of the time just pay and pay for the maintanence and home insurance
Do you use the house or planning to use for retirement? If not it is a waste.
Do you use the house or planning to use for retirement? If not it is a waste.
No, I bought hotel rooms
it was only 10% of the price at the peak
downside risk is acceptable to me
Residential property at FL is always badly affected. Bad sales and poor rental. Hotel may not be so bad as they have a few key tourist attractions.
No, I bought hotel rooms
it was only 10% of the price at the peak
downside risk is acceptable to me
Residential property at FL is always badly affected. Bad sales and poor rental. Hotel may not be so bad as they have a few key tourist attractions.
This was a short sale case...so much easier to close at that time
not so bad...still got some cash inflow
It is a safe buy. West coast worried about earthquake but east coast worried about hurricanes. Tsunami can happen at both places. :doh: NY will be a good place but price did not drop substantially here?
This was a short sale case...so much easier to close at that time
not so bad...still got some cash inflow
Powered by vBulletin® Version 4.2.2 Copyright © 2024 vBulletin Solutions, Inc. All rights reserved.