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Updated almost 15 years ago, 02/04/2010

User Stats

660
Posts
244
Votes
Ted Harris
  • Real Estate Investor
  • Portland, OR
244
Votes |
660
Posts

Foreign investors snapping up troubled U.S. real estate properties

Ted Harris
  • Real Estate Investor
  • Portland, OR
Posted

Depressed prices coupled with the dollar's descent has attracted a lot of foreign investors to the distressed US real estate market ... I see this as a good thing. Buyers (regardless of where they are from) are the ones who can 'right' the real estate ship and get us closer to price stabilization and hopefully appreciation some day! :woohoo:

http://www.contracostatimes.com/california/ci_13834840?nclick_check=1

User Stats

1,550
Posts
291
Votes
Uwe S.
  • Property Manager
  • Dublin, OH
291
Votes |
1,550
Posts
Uwe S.
  • Property Manager
  • Dublin, OH
Replied

Ted,

I did my best in Cleveland :).

-Uwe

User Stats

1,459
Posts
1,843
Votes
Vikram C.#5 Off Topic Contributor
  • Real Estate Investor
  • Phoenix, AZ
1,843
Votes |
1,459
Posts
Vikram C.#5 Off Topic Contributor
  • Real Estate Investor
  • Phoenix, AZ
Replied

I have moved to Phoenix just for this purpose. But what worries me is the graph below. Is this just the lull before the storm?

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User Stats

660
Posts
244
Votes
Ted Harris
  • Real Estate Investor
  • Portland, OR
244
Votes |
660
Posts
Ted Harris
  • Real Estate Investor
  • Portland, OR
Replied

Vikram:
mortgage resets = more opportunities ....
sure, it may delay appreciation but if one is thinking long term then this means more cashflowing homes will be available for those who are ready (and willing) as people losing their homes still need a place to live! :mrgreen:

Account Closed
  • Real Estate Investor
  • Chicago, IL
62
Votes |
178
Posts
Account Closed
  • Real Estate Investor
  • Chicago, IL
Replied

I have lots of buyers from Hong Kong, China, and Singapore snatching up bank owned properties here in Chicago. 2 sales of this nature closed last week.

User Stats

4,906
Posts
1,569
Votes
Timothy W.#3 Off Topic Contributor
  • Attorney
  • Viera, FL
1,569
Votes |
4,906
Posts
Timothy W.#3 Off Topic Contributor
  • Attorney
  • Viera, FL
Replied

I sold a property to Australian buyers. It's triage. Cash flow is a simple matter of percentages of return and percentages never change, no matter where you are in the world. What does change is the value of real estate and the value of currency. If you can work a country's devaluation of real estate and currency at the same time you are doing quite well.

One person's "worse" is another persons "better" and it's going to get "worse/better" before it gets "better/worse". Clear? ;-)

User Stats

105
Posts
24
Votes
Josh Keys
  • Accountant
  • Sydey, NSW
24
Votes |
105
Posts
Josh Keys
  • Accountant
  • Sydey, NSW
Replied

I completely agree. As an australian buyer looking at the Wisconsin, Ohio and upstate NY area for cap rates of >10% it makes perfect sense to look at the US market!

User Stats

21
Posts
1
Votes
Lamonte Evans
  • Woodland Hills, CA
1
Votes |
21
Posts
Lamonte Evans
  • Woodland Hills, CA
Replied

Hey I've got phoenix wholesale properties. These properties are priced below market valley and ready to sell.

I also have a great Columbus Ohio bulk deal that has great cashflow potential. The bulk deal is priced very very well. Instand $390,000 in equity. Please contact me.

User Stats

105
Posts
24
Votes
Josh Keys
  • Accountant
  • Sydey, NSW
24
Votes |
105
Posts
Josh Keys
  • Accountant
  • Sydey, NSW
Replied

Lamonte, ill pm you.

Thx

User Stats

117
Posts
32
Votes
Carlton Ellis
  • Real Estate Consultant
  • Lansing, MI
32
Votes |
117
Posts
Carlton Ellis
  • Real Estate Consultant
  • Lansing, MI
Replied

It is interesting your wrote this and mentioned the decline of the dollar. I watch and trade the foreign exchange market in addtion to my interest in real estate. Yesterday the dollar hit it's highest valuation versus the Euro and several other major currencies in since July of 2009.

Foreign investors are attracted to U.S assets right now due the fact that the U.S economy is still one of the more stable economies in the world despite the issues of high unemployment high deficits and relatively slow economic growth. Real estate valuations right now in this country are in many cases at their lowest valuations in more than a decade. This includes commerical as well as residential real estate. Also despite of the hoopla from China and Russia the U.S. dollar is still recognized at the worlds reserve currency. When there are concerns about worldwide growth the dollar will appreciate.

Basically foreign investors have two ways to win by acquiring U.S. real estate. If the dollar appreciates versus their own currency they win. If they hold on to their assets long enough to see them appreciate in value they win.