Hi Guys,
I was looking at buying another rental on the north shore but as you all know the prices are insane out there.
I was talking to someone the other day and she mentioned she is looking into investing in USA residential property and it sounded like a good idea.
I just wanted to know if anyone is currently doing this? I can see some houses are very cheap providing 9-12% returns.
How does one structure, maintain and manage a purchased property like this from New Zealand? Is it safe?
I am aware their market is at an all time low and will only ever go back up.
I have heard of mortgage holders leaving the keys in the door, phoning the bank and telling them have the house back - we cannot pay the payments.
Also allot of Americans have been flagged and unable to secure mortgages anymore so many are renting?
I look forward to some advice.
Thank you
Al
I was looking at buying another rental on the north shore but as you all know the prices are insane out there.
I was talking to someone the other day and she mentioned she is looking into investing in USA residential property and it sounded like a good idea.
I just wanted to know if anyone is currently doing this? I can see some houses are very cheap providing 9-12% returns.
How does one structure, maintain and manage a purchased property like this from New Zealand? Is it safe?
I am aware their market is at an all time low and will only ever go back up.
I have heard of mortgage holders leaving the keys in the door, phoning the bank and telling them have the house back - we cannot pay the payments.
Also allot of Americans have been flagged and unable to secure mortgages anymore so many are renting?
I look forward to some advice.
Thank you
Al
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