As much as I love being a real estate investor in Australia…
And teaching all of you to do the same…
Getting some seriously positive cash flow by investing in the American property market is something you should really consider.
Now, I know it’s not for everybody…
At least, not for everybody at this very moment…
It’s a timing thing for some of you…
Just as it was for me.
But that’s quite all right…
For some of you–just as it was for me—you need to get yourself sorted out where you are right here and right now…
Before you go off and do it in a different country.
Time to make a move?
But for those of you who have climbed the property ladder just bit…
And you’ve got yourself properly settled with nice cash flowing properties…
As well as a couple of good chunk deals in your portfolio…
It may be time to look a bit further outside your comfort zone.
And pick up a property or two in the States.
You see, it’s actually quite smart move to make right now…
The economy there is showing signs of recovery…
Especially in some areas in particular…
But just like everywhere else…
You’ve got to know what you’re getting into.
That’s where I can help you…
My team and I buy and own investment real estate in the United States…
And we make it a point to keep up on what’s going on over there…
Which means that we can help you with your real estate investment plans over there…
And make sure that the property you’re buying is in the right area of the right state.
Be smart about it
But just as importantly…
You need to know the laws there…
And unlike Oz, where we have just a handful of states and a few territories…
There are fifty states in the U.S…
Each with its own ideas of how real estate deals are to be transacted…
And other potential traps that you may not be aware of.
For example, do you know the landlord rights in Florida are different than those in Texas or California?
If you’re not up to date on the legal practices of any given state, or even county…
You could find yourself right where you don’t want to be when it comes to landlord rights, renters’ rights, real estate taxes, state income taxes and all the rest.
Now don’t get me wrong…
There are fantastic deals to be had in places like Florida, Texas, North Dakota, and few other areas…
These places are experiencing tremendous growth right now…
Even though other states and areas within those states are economically stagnant.
That’s why there are deals you will want to avoid in those areas as well.
On the flip side of that…
There are certain areas in states that going through some difficult times…
Where you can find great deals.
The Texas play
The cash flow in places like the greater Austin, Texas area, for example, is fantastic.
Rental rates are going up as people from across America are moving there.
One of the reasons is the tax structure is much more friendly to businesses…
And even to individuals.
Many of the newcomers to Austin are from California and New York…
Two of the wealthiest states in the nation…
But which also have some of the highest personal and state income taxes in the country.
Their highly complex regulatory environment is also creating a negative dynamic…
Large companies are leaving California and New York for Texas…
These are just small businesses…
Some of the biggest corporations in the world are leaving California behind…
Companies like Toyota have left the “Golden State”…
And are bringing thousands of jobs to Texas as it begins to move its North American headquarters to Texas this year…
Eventually, all 5,300 jobs will have left California for Texas…
That means 5,300 families will need new place to live.
What’s just as important is the quality of those jobs coming to Texas…
The average salary level of those jobs is in the six figures…
Those kinds of salaries among thousand of new people are what drive housing prices up very fast…
Texas has the best economy and one of the hottest real estate markets in the country.
North Dakota is HOT
But like Texas, the North Dakota housing market is also in the early boom stages…
As the Bakken oil fields continue to attract record numbers of people to the state…
Housing supply is now becoming a big problem…
As a result, housing prices have been rising since 2011…
And that isn’t going to change anytime soon…
North Dakota has over 20,000 unfilled jobs and the lowest unemployment rate in the entire country.
The opportunity for acquiring or building housing in both Texas and North Dakota are fantastic…
And rental rates will not disappoint.
These are just a couple examples of the opportunities for high cash flowing investment opportunities in the U.S…
But like I said…
You’ve got to know what you’re doing, don’t you?
That’s why, if you’re serious about building your portfolio…
And adding healthy diversity to it as well as healthy cash flow…
I’ll see you at my next seminar about investing for cash flow in the States, won’t I?