Auckland Investors Could Make 1000s from US Property Crash

25 July 2011

How Auckland Investors Could Make Thousands out of the American Property Crash

Auckland investors could make a fortune by snapping up under-priced property in the US, according to real estate expert and business man Ken Wood.

“Conditions in the US right now are literally the perfect storm for international investors,” said Mr Wood.

“In fact, many consider this to the best investment opportunity in the world since the post depression period of the 1930s, and one that our generation is unlikely to see again,” he said.

“The flood gates are opening and hundreds of international buyers are hitting the US market, snapping up houses and apartments that American residents cannot access because credit has all but dried up over there.”

“It’s possible to buy houses at up to 70% off their value in sought after areas where rental prices have either stayed the same or increased.”

Mr Wood said it was possible to buy a two or three bedroom fully refurbished property from $35,000, often at 50 per cent to 75 per cent under its replacement value.

“Apartments are available from only US$22,000.”

“And as so many people are forced to sell, they’re fuelling record demand for rented accommodation.”

“A typical two bedroom apartment can achieve rental yields as high as 20 percent.”

But Mr Wood warned against rushing in without carefully considering the opportunity.

He said investors needed to:

• Consider the location of real estate opportunities – there are only a few cities where market conditions are perfect
• Look for ‘growth’ cities where people are heading to for employment, security and opportunities
• Avoid areas where primary industries and sources of employment have been lost, leaving ‘ghost town’ neighbourhoods
• Avoid ‘get rich quick’ opportunities that haven’t been subject to thorough appraisal and due diligence

“If you’re selective about the opportunities, the returns could be incredible,” said Mr Wood.

Mr Wood said that according to the recently released 2011 Profile of International Home Buying Activity from the National Association of Realtors, the value of international residential purchases in the U.S. surged $16 billion from $66 billion to $82 billion in the year ending March 2011.

“The international investing community is starting to sit up and take notice,” he said.

“Everyone from individual investors to super-wealth magnates are realising the potential represented by the US property market right now.

“With a growing population of people in need of rental accommodation, and most Americans unable to get loans to cash in on this rare opportunity, international investors are heading to the US in droves.”

Universal Events is running a free seminar “How to Buy US Property” in Auckland this weekend on August 6 at Rydges Auckland 59 Federal Street Cnr Kingston Street, Central City, Auckland.

The seminar will cover:

• Why this is being called the greatest opportunity since the Great Depression
• How almost anyone with the right information can buy cash flow positive properties in quality US suburbs for just the cost of stamp duty on an average property in Australia
• Why the world’s media are taking notice including the Wall St Journal, CNBC, the Australian, the Financial Review and others commenting on the flood of international investors getting fire-sale prices on US property
• How you can access a total turn-key solution to buying property in the US

For more information and bookings visit www.buyuspropertynow.com.au

About Ken Wood and Universal Events

Universal Events was established in 1993 to provide transformational education to people wanting to breakthrough to new levels of success in the areas of mindset, business, wealth & investing, marketing and health & wellbeing. It is one of the fastest growing Australian businesses and has been featured in BRW’s Fast 100 list for three years.

Co-owner Ken Wood has spent the last six months undertaking a due diligence process to create a total turnkey solution to buying property in the US. The best financial, legal, property and renovation experts have been consulted during several trips to the US to ensure all opportunities present low risk high yield returns.

ENDS

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