Real Estate Investor · Portland, OR · Member since 2009 · 660 posts · 244 votes
Depressed prices coupled with the dollar's descent has attracted a lot of foreign investors to the distressed US real estate market ... I see this as a good thing. Buyers (regardless of where they are from) are the ones who can 'right' the real estate ship and get us closer to price stabilization and hopefully appreciation some day! :woohoo:
Real Estate Investor · Portland, OR · Member since 2009 · 660 posts · 244 votes
16y
Vikram:
mortgage resets = more opportunities ....
sure, it may delay appreciation but if one is thinking long term then this means more cashflowing homes will be available for those who are ready (and willing) as people losing their homes still need a place to live! :mrgreen:
Real Estate Investor · Chicago, IL · Member since 2009 · 178 posts · 62 votes
16y
I have lots of buyers from Hong Kong, China, and Singapore snatching up bank owned properties here in Chicago. 2 sales of this nature closed last week.
Attorney · Raleigh, NC · Member since 2008 · 4k+ posts · 1k+ votes
16y
I sold a property to Australian buyers. It's triage. Cash flow is a simple matter of percentages of return and percentages never change, no matter where you are in the world. What does change is the value of real estate and the value of currency. If you can work a country's devaluation of real estate and currency at the same time you are doing quite well.
One person's "worse" is another persons "better" and it's going to get "worse/better" before it gets "better/worse". Clear? ;-)
Accountant · Sydey, NSW · Member since 2009 · 105 posts · 24 votes
16y
I completely agree. As an australian buyer looking at the Wisconsin, Ohio and upstate NY area for cap rates of >10% it makes perfect sense to look at the US market!
Woodland Hills, CA · Member since 2009 · 21 posts · 1 vote
16y
Hey I've got phoenix wholesale properties. These properties are priced below market valley and ready to sell.
I also have a great Columbus Ohio bulk deal that has great cashflow potential. The bulk deal is priced very very well. Instand $390,000 in equity. Please contact me.
Real Estate Consultant · Lansing, MI · Member since 2010 · 117 posts · 32 votes
16y
It is interesting your wrote this and mentioned the decline of the dollar. I watch and trade the foreign exchange market in addtion to my interest in real estate. Yesterday the dollar hit it's highest valuation versus the Euro and several other major currencies in since July of 2009.
Foreign investors are attracted to U.S assets right now due the fact that the U.S economy is still one of the more stable economies in the world despite the issues of high unemployment high deficits and relatively slow economic growth. Real estate valuations right now in this country are in many cases at their lowest valuations in more than a decade. This includes commerical as well as residential real estate. Also despite of the hoopla from China and Russia the U.S. dollar is still recognized at the worlds reserve currency. When there are concerns about worldwide growth the dollar will appreciate.
Basically foreign investors have two ways to win by acquiring U.S. real estate. If the dollar appreciates versus their own currency they win. If they hold on to their assets long enough to see them appreciate in value they win.