Post 3
Greetings,??
Why not invest in real estate in the US:
Emotional aspects:
Fear of failure, different language, knowledge gaps, market failure, mentality, remote asset management, lack of control, exposure to stings, foreign currency, different taxation, difficulty in obtaining bank financing, lack of familiarity with market prices, close to body close to heart, and more.
Knowledge = power = money??
Why invest in the US:
An excellent alternative to zero interest on bank deposits, zero purchase tax, economic power, sane prices, low entry threshold, high potential for continued long-term increase in value, high current return, diversification of our investment portfolio, economic freedom, passive income independent of occupation, transparency , Full information, full regulation and supervision, registration of an orderly ownership, diverse financing options, a developed field and a variety of options for investing in residential real estate, commercial, offices, land development, new construction, construction Equity Long term and more.??
We overcame the psychological barriers and decided to invest overseas and jump into the stormy waters ..
How to choose an investment area? How do you analyze an investment property?
In this post I will list a list of basic parameters to consider when investing overseas
These parameters are exam GPS To safety, These parameters will significantly reduce the chance of losing the long-term investment fund and increase the potential for future value increases.??✅
Due to the fact that this is a post I will endeavor to state concisely but effectively the important things to consider
Come on,
We decided to invest overseas and in particular in the vast United States
How to choose an investment area
Here are the main / leading parameters for selecting an investment area:
??Positive migration- It is important to look at trends and not just the last year but at least a decade
??Population growth - Positive natural birth rate
??Sources of employment - Economic strength in general, especially during a crisis
??Occupational diversity - It is very important to invest in an area where there is a wide range of companies in different fields
??Unemployment rates - An extremely important statistic, should also check the trend in the region
??Household income level - Minimum $ 55-60,000 and above, indicates renters' ability to pay
??Level of education - Ranking from 1 to 10, 5 is the national average rule
??Law Compliance Level - Crime data 1 to 100, 100 is the national average rule
??Percentage of occupancy Percentage of landlords, percentage of renters, percentage of vacant houses
??The state of the rental market - Demand and supply / use of websites and professionals, local management companies to request their opinion
??Age distribution - Who will be my renters? Better families and children
??Duration of sale - Days on the market - DOM Buyers / Sellers Market? Up to 6 months sale This is a sellers market ..
??New construction starts and building permits - Can be removed from the district's site, check back several years and understand the trends in the area, construction work starts, environmental development, schools, community centers and more.
??Environmental development and urban renewal - Just go to Google and read what's going on in the city, go to the city's website
??Proximity to leisure and leisure centers - What a close proximity to the local Walmart, resorts ..
??International Airport - Transportation of goods, accessibility, exit / entry ..
Sample partial list of some great sites for extensive information:
Risks in real estate investments in socio-demographic / socio-economic difficult areas:
There is no presence of a management company, a non-paying tenant, a reluctant tenant evacuation, many increases, and of course, an investor's mind, a low demand for sales, potential buyers who are investors so the potential for value increase is low.
We checked all the area data and decided to move forward to examine the property Single Family Home
Here are the top parameters for selecting a home-grown property:
??Size of the property - If a ground-floor home recommends 1,200 SQ FT or higher
??Number of rooms - Recommended minimum 3 bedrooms, 2 baths, 2 toilets
??Property Transaction History - Sales price history, accessible online and on the county website
??Comparative information analysis - ACM , Parallel Asset Value Analysis, Sales Prices in the Last Year
CMA - Comparative Market Analysis
??Confirmation of ownership - Bill of ownership, who's the seller? Is this the owner?
Home Inspection Report - Home Inspection A report inspected a comprehensive home before the purchase and after the purchase and renovation of the property
??Behavior of historical real estate prices in the region - Recommends to check at least ten years back and thus learn the potential for value increase in the region, this excellent 4-5% annual
??Physical status of the property prior to purchase- A thorough renovation evaluation should be checked and weighed at the required price
??The amount of the rent of the property - Under $ 800 a month in a ground-floor house This is usually for low-income families, high-quality local management companies will not manage such assets, day-hardy tenants, again with respect to a ground-floor home
??Segment potential tenants / tenants- Age, place of work, income, credit rating, in the future they will be potential buyers
??Videos, pictures - Videos should be obtained not only of the house itself, but of the neighborhood itself and shopping malls nearby, pictures of the house must be obtained from the outside and inside, before and after renovation
??MLS report - A local broker should be used to obtain a comprehensive report on transactions made in the area and also on the rents of houses rented in the area.
MLS - Multiple Listing Services
??Year of construction - Of course the newer the property, the lower the maintenance, recommend assets built from 2015 onwards and / or make a really thorough improvement of all the systems in the home
??Advantages of buying property in new construction - Safety, maintenance, construction standards, construction quality, systems and appliances, comfort and space, energy savings, up-to-date design, contractor responsibility, quiet investment, bank financing up to 70%, environmental development in the property area, investment in infrastructure, high potential for future value increase throughout Progress in the amount of property in the neighborhood, reduction of building insurance, longer rental expectations,
Expect a significant long-term increase in value from an old house, inflation will work better for us in investing in a new home, getting financing to buy a new property enjoy From current yield, capital yield, increase in value, savings of the loan principal, significant tax benefits, the interest on the loan is a recognized expense in the USA, Loan repayment option several years later.✅????
??Banking financing - A local bank that gives a loan to an asset, most importantly, the bank junk assets are not approaching, will give you an excellent filter for choosing the asset, not buying something that the bank will not give bank financing (it's ok to buy cash but at least you will know that the bank gives financing, although I personally always prefer to leverage The money)
??Ownership Documents - The ownership documents and the details of the accompanying attorney should be checked when closing the deal
Warranty Deed, Title, Homeowner insurance, 1HUD, Covance HOA
And finally the moment we were all waiting for
Cash is King - Let the lion go hunting.??
??Cash Flow Analysis - Cash Flow All property maintenance expenses, property taxes, neighborhood committee, management fees, building insurance, tenant finding fees, tenant replacement fees, non-occupancy coefficient, maintenance expenses and more must be taken into account and at the same time monthly rental fees are expected. Pays a neighborhood committee and property taxes and building insurance
The following is a list of several top sites:
On a personal note,??
A close examination of these data will significantly reduce the possibility of losing the investment fund, not all parameters must be met at the same time but it is certainly possible to get an excellent picture of the area and type of property we are considering purchasing for investment. It is important to take a breath and breathe a sigh of relief, real estate is a long-term investment and its purpose is to upgrade the quality of life, create passive income, a savings plan for retirement, increase equity.???? ♂️
Hope I have contributed some knowledge from my personal experience, everyone is free to do as they please, this post expresses my personal opinion from my experience in the field and from my work in the last decade in the US.??
have a fun read??
Welcome
Done and succeed
Remember there is no can, there is no want
If there are any background noise near you please dispose of the radioactive waste and proceed with all your might to financial freedom.????
And tomorrow
Differences Between Buying A Private Property Near Land / Apartment And Group Investment -
Ground floor house Single family / In front of apartment complexes Multi Family
What are the recognized expenses in maintaining a property in the United States.
Calculate cash flow in a ground-floor house facing a condominium complex ROI, NOI / Cap Rate
Benefits of group investment versus individual investment.
Best regards,
Age of Toriel
Cheers ??
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