Canadians Snap Up U.S. Properties

Talbers

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Hi JROC

I'm currently in the process of doing that! I think Eric is great, he is on top of his game. Hey man I will probably buy again in Las Vegas but I would like to buy a rental in AZ. Do you have any contact info for realtors? Prop
 

DEWDROPS

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Rickson9, do you buy in US all cash or get financing there? Are our Canadian credit history any value there? What do you think of Atlanta market?
 
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Rickson9

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Rickson9, do you buy in US all cash or get financing there? Are our Canadian credit history any value there? What do you think of Atlanta market?
I (still) purchase in all cash.

I have sought financing but decided against it.

I haven't found Canadian credit history to be of any value. However, I sought credit by using existing properties as collateral not primarily by using Canadian credit history.

I have no experience in the Atlanta market. I imagine that there may be opportunity since you're describing a gigantic market.
 
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Rickson9

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"The unloading of single-family homes purchased by real estate investors during the downturn for rental purposes would also go a long way in helping relieve these inventory shortages," said Yun. "To date, there are no indications investors are ready to sell."

http://www.cnbc.com/id/104501340
 

Rickson9

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Willyboy

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You still have one downside risk apart from some risk when investing abroad. the risk is if you buy today and if when you need to resell the Canadian dollar is higher than today's rate you'll be losing money.
 

Rickson9

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California landlord kicks out 12 Gilbert families to raise rent

Jeff Hanrath, president of Valley Income Properties, said he understands why residents are upset about leaving.

Their rents, at about $600 a month, are far below market value. After the apartments are gutted and refurbished, rent will likely rise to $1,200 or more, Hanrath said.

"(Residents are) trying to figure out how they can hold on to this unbelievable bargain," Hanrath said. "It ain't gonna happen. ... They need to get out and start looking around."

https://www.azcentral.com/story/mon...ate-raise-rent-affordable-housing/1700890002/
 

Rickson9

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Avondale makes list of Top 100 cities for rentrepreneurs

Avondale is a suburb of Phoenix, which has an extremely high proportion of renters when compared with the rest of the state. Almost 40 percent of the population choose to rent single-family units rather than buying, according to a Mashvisor report, which makes it an excellent prospect for rentrepreneurs.

“Phoenix is actually a booming, modern city with real estate investments ready to be seized,” the Mashvisor report states. “The Phoenix real estate market is no longer focused only on retirement homes and condos. Leave this idea behind or else you’ll miss out on some great real estate investing opportunities in Phoenix investment properties!”

https://azbigmedia.com/avondale-makes-list-of-top-100-cities-for-rentrepreneurs/
 

Rickson9

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Phoenix Average Rent
As of September 2018, average rent for an apartment in Phoenix, AZ is $1148 which is a 10.19% increase from last year when the average rent was $1031 , and a 2.18% increase from last month when the average rent was $1123.

One bedroom apartments in Phoenix rent for $1013 a month on average (a 9.48% increase from last year) and two bedroom apartment rents average $1216 (a 9.05% increase from last year).

https://www.rentjungle.com/average-rent-in-phoenix-rent-trends/
 
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