[Olly]

Originally Posted by Investy

I'm considering an investment into the US East Coast in the comming months but really would like to get a feel for where is best to invest.

I'm looking for the following;

1) Prices must have dropped significantly in the target city

2) I want rent year round

3) I want no letting restrictions (I heard of blocks where no renting is allowed, or where rental is only allowed for part of the year)

4) Decent rent yield of at least 7% AFTER deductions for ongoing maintenance funds etc

5) If off - plan I will not pay up - front funds apart from a modest holding fee


Any ideas folks?

Hello Investy

Neither US east or west is the best to invest - as yet. Why? Because prices are forecast to decline at the current rate - circa 1.5%-2% per month - for another 12 months, or probably more. Judging also at the rate the economy is otherwise in decline, the wise investor will wait a tad longer. Of course, now, or within the coming months, could be a good time to acquire a fix on your US Dollar exchange rate. (Talk to a good Forex firm, will recommend the best / most reliable off board, if required.)

Then, before the bottom is reached, but is in sight, make your move and buy as much as you can afford on the basis the yeild will prove phenomally good too.

For reference; 20+ years international property investment experience. Also, I'm a Licensed Realtor & International Property Specialist and, Commercial Finance Broker.

However, I don't promote my services via these sites. Only wish to note the mistakes people commonly make and find wasy to improve my own services where relevant.

Olly