. What type of people does this area appeal? Would you like to live there.. Its a clicke but when buying a property its very important the location location location.... Being in the best spot is paramount for a great investment. Are the schools, cinemas shopping malls around? This is an importact factor to consider when you are looking at selling with a good capital growth.
NOTE: In the US , unlike in Australia where we have good suburbs and bad ones in the US you might find a good street and walk 200 mts and be in a bad street!
Is there much work around? Hospitals, shopping malls and universities for instance are a good souce of income.
. Where is the path of progress? Once you identify the best city for you, are you looking for property within the path of progress? In other words, which direction is the city growing? If the city is growing to the north corner because a new Toyota plant just opened, then all your commercial builders are adding strip malls and gas stations, etc.. Therefore, this is where jobs are heading and where everyone wants to be.
. Do you have access to a good property management? This is very important as you will have to relay on them for almost everything. So spend as much time as possible making sure its the right chose. Note that the rent in the US its paid montly and some Property managers collect the rental income from the house and not all of them bank online. Property managment charge between 8 and 10 percent commision.
- Are you getting the best possible exhcange rate? Shop arround for the best currency exchange, specially when transfering the principal amount.
- Dont believe everyting they say! Always take in considertation what the person its getting buy advising you to act. Are they getting a commission? That might influance what they advise.
- Settlment on a property it could take between 2 to 4 weeks at the most, depending what type of sale it is.
- Emsure you have done a pest inspection on the property.
- Research about the State taxes and the Goverment taxes that might be different from States to states.
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