Thursday, December 6, 2012

Is it time to start buying property in the US?

Q. I live in the prosperous Euro-zone and am interested in buying property in the US (residential). The Euro is very strong against the dollar and I understand the bottom has fallen out of the US property market. Will it fall further, or is now the time to buy? Thanks.

A. Sadly, the real estate market in most of the US is nowhere near the bottom yet. There are isolated areas where is might be close to a good time to buy, but they are few & far between.

I would like to buy, but I won't for at least another 18-24 months.


Is Arizona a good place to invest in property?
Q. Hi there and thanks for reading my Q.

Im an Australian living and working in Singapore and trying to make sense of the US property market.

Of all the states Arizona seems to me to be one of the best choices as far as an investment goes.

Does anyone have any advice on investing in Arizona or if not happy to hear your impression of the state and its cities, Phoenix, Tuscan, Scottsdale etc

Can you find someone to manage a rental property for you in the states and how does that work?

Thanks for your answers

A. I'll disclaim that I don't line anywhere near there so I'm not sure about this state. However this is one of the states that was crushed by the recent housing downturn and therefore has way more housing available than people living there. So lots of houses are vacant, prices have dropped dramatically, lots of places are for rent. However, its not clear when the population will grow enough to soak up all this vacant housing so you may be waiting many years to see any appreciation on your property (and have a real tough time renting it out in the mean time). IE This may be a bad place to invest right now.

So, be very careful with an area like this. Again these are not firsthand conclusions but this is how it seems to be from a distance.


What kind of license do you need to work at a military base salon overseas?
Q. Since military bases are technically US property, how would one go about transferring their license to an overseas base salon/barber shop? Thank you for any information you have.

A. I think they hire locally. Gino Morena Enterprises LLC has the contract for hundreds of military bases.
http://www.ginomorena.com/founder.html
They used to have a map showing all their locations worldwide, but I can no longer find it on their website.
http://www.ginomorena.com/careers.html
Good Luck!


Does the US tax large amounts of money leaving the US?
Q. I would like to sell my US property and move back to my native country.

A. You have to pay any income tax due from the sale before you go.





Powered by Yahoo! Answers

No comments:

Post a Comment