Tuesday, 6 September 2011

Pros and cons of buying property in the USA

 Here are some of the things we have to consider before entering into the US market:

Pros:
Good rentals - cash flow positive properties unlike Australia
Straong Rental yeids.
Good potential for Capital Growth
Easier process to buy a propety with no stamp duty
Strong dollar meaning better buying power
You can claim your trip to the Estates if you are going to check on your property once a year.

Cons:
Property Managers are not as professionals as in Australia
Paying over the odds for the propety
Distance - you will be an absentee landlord
Buying in a rought area without knowing
Not easy to get finance in the US
You will have to consider holding on to the property for a while before you see some growth

No comments:

Post a Comment