OfflineYesterday I read an recent forum by one of the DG coaches about overseas investors from New Zealand buying up rentals in Memphis, Tennessee like theres no tommorrow. That inclined me to do some online research on what countries are spending the most money on U.S. property and WHERE particular countries have interest in. Due to my vague online research I've come to this conclusion:
Country/- U.S. Interest
New Zealand/- Memphis/Florida
China/- California,Arizona
Canada/- Nevada,California,Arizona
Mexico,Pacific Islands/- Florida,Vegas;(desirable
vacation spots)
Europe/- Entire East Coast
I think that Europe is interested in the east because states like Michigan,Ohio and other neighbor cities are still bottoming out and knowing that the U.S. dollar is undervalued in comparison with their currency will stretch their Euro even further. This is just my summary of it I am not claiming to be accurate and anyone can add any new/more accurate information to it as they like. I've even went as far as to post some of my deals on Beijing,New Zealand and Europe's craigslist. I feel that if I (and all of the Dg'ers) find the right country thats interested in their region and prove to them through consistent marketing/communication that youre a dependable source you can have foreign investors coming in groves to your deals (and they still have to be good deals).
I was just in Miami and they were saying there was a lot of Brazilian interest in Florida. The Brazilian dollar is up 40 percent vs the American dollar.
Almost EVERY country wants a piece of Florida. I just referred to the Brazillians as "Islanders" in my post but they are buying the most Florida property out of all the countries.
Observation!
I Exist. I Am That I Am. I Know That I Know.
Great post!! I never thought about finding buyers out the country. I will be getting on top of it this week.
Reynold Orozco
are also big buyers.
Karen
"You're never too old to be what you were meant to be!"
www.deangraziosi.com/real-estate-forums/investing-journals/59128/day-for...
"Shining Like a Star & Dancing on Sunshine"
"Shoot for the moon! Even if you fall short, you'll still land among the stars!"
from one of my deals i posted on craigslist in Europe. Im not affluent and couldn't understand a word he was saying unfortunately.
Thomas,
I guess we need to invest some money and time on Rosetta Stone to make some of these deals work!
Valerie
“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss
"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown
My journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/59110/...
To me and this is just me, but selling to a foreign Investor is like selling to the enemy! One of the reasons wholesale prices are being driven up is the massive influx of Foreign investors buying America at a discount. I don't care how much money they have, I will only work with local, American buyers.
Again, that is just me.
Michael
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site