I have traveled to Texas on a number of occasions in the last 12 months. The reason being is that the market there is still undervalued.
The medium price in California is around $540,000. In San Antonio the current medium price is $139,000. It is possible to purchase small apartment complexes for $100,000-$300,000 and receive great returns of in excess of 10%. One of the concerns that many investors have is that it’s a long way to Texas, so how can an investor be confident of their purchase.
I am confident of that market, in fact so much so that I am moving to San Antonio from Monday 18 September to manage a Real Estate company and to establish an investment division. Naturally that will include a property management department.
This means that I will be able to source some great deals for Australians, from straight purchases to foreclosures and even renovation opportunities. We will be able to source finance on your behalf and we also work with one of the larges accounting firms in Texas who specialize in tax structures for international investors.
The market in Texas today is a bit like investing in New Zealand 4 years ago. The market has plenty of room to grow and the returns are great.
Should anyone be interested you need to email me, I will then be happy to keep you informed.
The medium price in California is around $540,000. In San Antonio the current medium price is $139,000. It is possible to purchase small apartment complexes for $100,000-$300,000 and receive great returns of in excess of 10%. One of the concerns that many investors have is that it’s a long way to Texas, so how can an investor be confident of their purchase.
I am confident of that market, in fact so much so that I am moving to San Antonio from Monday 18 September to manage a Real Estate company and to establish an investment division. Naturally that will include a property management department.
This means that I will be able to source some great deals for Australians, from straight purchases to foreclosures and even renovation opportunities. We will be able to source finance on your behalf and we also work with one of the larges accounting firms in Texas who specialize in tax structures for international investors.
The market in Texas today is a bit like investing in New Zealand 4 years ago. The market has plenty of room to grow and the returns are great.
Should anyone be interested you need to email me, I will then be happy to keep you informed.
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