Have you heard about the current opportunity in American residential real estate?
You can buy property at 80% off peak price, and obtain a 15% net return on your investment - or even higher!
Take a look at this recently sold property, for example:
PROPERTY ADDRESS: George Ave Lehigh Acres, FL 33973
ASSET TYPE: Duplex/Multi Family
GENERAL DATA: This duplex is situated in a marketable area of Lehigh Acres close access to I-75, SR-82 and SW Florida International Airport. Offers a 3 Bedrooms 2 Bathrooms and 1 car garage on each side.
SIMILAR / ASSET SOLD AT PEAK: $300,000 -$350,000
YEAR BUILT: 2005
SIZE-SQFT UNDER AIR: 2,344
BEDS: 3 per side BATHS: 2 per side
PARKING: 1 Attached garage on each side
PURCHASE PRICE: $80,000
TOTAL COSTS: $80,000
PRICE PER SQFT UNDER AIR: $34.13
REPLACEMENT COST: $160,000
TAX (YEAR): $1,273
INSURANCE: $800 (liability and casualty)
MANAGEMENT FEE: $1,248 (8% OF GROSS ANNUAL INCOME)
TOTAL ANNUAL EXPENSES: $3,321
RENT (MONTHY): $1,300 = $650 per side
ESTIMATED ANNUAL RENT: $15,600
ESTIMATED ANNUAL NET INCOME: $12,279
ESTIMATED NET YIELD CAP RATE: 15.34%
Contact: Michael Fackerell
How Did this Come About?
Due to financial mismanagement, a lot of people in the USA bought property at high prices and were subsequently unable to handle the loan repayments. This meant that many properties in some great areas were foreclosed upon, and sadly a lot of people had their credit ratings destroyed. Property prices have plummetted in the last 3 years, and this has created a great opportunity for the astute investor today.
We have found a place where the vacancy rate is low - meaning its not that hard to get a tenant - and the purchases prices are also low!
There is an old adage when it comes to investing: "Buy low, sell high". It sounds easy, but many people actually do the opposite because they are ruled by emotions. They follow the herd and for this reason they "buy high" when everyone is super exuberant about the market. Then when the market falls after the bubble bursts many "sell low", feeling as though it will NEVER recover. So when properties are cheap, there will be people out there who will tell you how useless that property is as an investment. I remember when I bought in Beenleigh and Logan areas around 2002 and 2003. People thought it was stupid - yet these were the very area that appreciated by 200% or more in subsequent years. Take a good look at the results people obtain - everyone fancies themselves to be an expert, but not everyone makes good money with their investing decisions!
We have established a relationship with finance companies, US real estate agents and professional renovators that enable us to sell turn-key property at deep discounts. It is generally not possible for most people to buy from the banks directly, and it is not possible to rent out a damaged foreclosed property directly - it needs to be fixed up. Our team has all this in place. The result is: you can now buy property in areas like Lehigh Acres in South West Florida for a little of 20% of its peak market price, and rent the property out for a 10-20% NET RETURN - even after property management expenses! We provide a turnkey solution we believe you would do well to take a look at.
CONTACT Michael Fackerell on 07 33882713 or 0434 288723 to learn the many advantages of investing in the current USA market! If you are in the Brisbane or Gold Coast Region, call to arrange a confidential no-obligation in-home presentation where you can get more information and see how this investment could really work for you!