I am considering investing overseas. (I am from Australia). And, I have been considering properties in Pennsylvania, probably near the Pittsburgh area. I have heard the property market is booming around that area. Is there any truth to this?
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Pennsylvania -- is it a good place to invest?
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Originally posted by mattinvestor View PostI am considering investing overseas. (I am from Australia). And, I have been considering properties in Pennsylvania, probably near the Pittsburgh area. I have heard the property market is booming around that area. Is there any truth to this?
Atlanta and areas 1 HR from the city
Memphis
Florida ( multiple markets )
Texas
Kansas city
Ohio
Charlotte NC
Indianapolis
Just recently heard about Pitts burg
Phoenix
Vegas
St Louis
Rochester NY ?
No order just random cities.
Now I am going by what I see and here as investor and turnkey company .Being here in the states and dealing with both international and National investors. Now it is up to you to determine which market you want and why. I am sure I left some off the list. I was in Atlanta , pulled the team out. To hard to work in multiple markets as a reseller. Take that last statement to heart for any teams that sell in multiple markets. Will say Atlanta was best bang for you buck .Now prices slowly rising due to investor demand.
If I was international Investor Atlanta is slowly losing it sizzle as every one in the world is buying there( but still worth a look) . I would also make sure to Check out Texas ( Dallas and San Antonia ) never been their but man I am hearing good things about that market.
I have always liked Florida personal preference. Now I am just working in Charlotte market as that is where I am located Those are a few of my markets I really like.
Now for me Vegas if fun spot for vacation so love that area. Not sure about properties ( hear and see some solid deals think things have slowed their a bit ) but if the casino's are doing good.I would think the rental market in that area would be good.
Florida lots go great markets. I was buying and still am buying with my older brother (Police officer for City of Sarasota)He lives in North port so we buy as long term holds in his direct neighborhood. This is just our little system buying 2 to 3 a year and renting to police officers.
Dallas and San -Antonio again seeing some solid deals and alot of our clients seem to ask for that market.
Well just some random thoughts.
Alex
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Hi Alex,
I agree with what you are saying. I have purchased a couple of SFH in Dallas and so far both going well. Had a months vacancy in one of them but that's all part of the risk with property no matter which country it's in. What sealed the deal for me is that I was able to secure bank finance on a 30% down payment. The rent covers my P&I repayment, taxes, insurances and PM fee's and I allowed a buffer into my bank account to cover contingencies just like I do with my Australian properties. And your right again.... a lot of great things happening in Texas. They have recovered all of the jobs lost since the GFC and the population growth is quite high which is creating more jobs. You do have to be careful about property taxes but depends upon individual properties.
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Originally posted by speedy gonzales View PostHi Alex,
I agree with what you are saying. I have purchased a couple of SFH in Dallas and so far both going well. Had a months vacancy in one of them but that's all part of the risk with property no matter which country it's in. What sealed the deal for me is that I was able to secure bank finance on a 30% down payment. The rent covers my P&I repayment, taxes, insurances and PM fee's and I allowed a buffer into my bank account to cover contingencies just like I do with my Australian properties. And your right again.... a lot of great things happening in Texas. They have recovered all of the jobs lost since the GFC and the population growth is quite high which is creating more jobs. You do have to be careful about property taxes but depends upon individual properties.
now back to houses and rental markets .Correct 1 month vacancy is and seems to be normal for rental properties. Most markets that seems to be the same time 30- 60 days to get rented. Some do rent very fast but overall this should be taken into consideration.
Have a great weekend
Alex
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