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Updated over 4 years ago,
Moving investment from London to Ohio
Hi all, this is my first post. I am a non-US resident/citizen.
I am thinking of selling the only property I have in London (UK) and investing in Ohio (or indeed any state in the US). My investment in London is very safe, the property has been let continuously for the last 13 years, but I am not achieving more than 3.6% cap rate at present.
I would be able to invest up to 380K in the US. I would like to know:
- would I be able to achieve a better overall cap rate? Is this something worth considering?
- would it be more profitable to buy 5-6 properties or just a couple? And where? (Ohio has very attractive returns at present)
- any other issues I should be considering?
Thank you in advance for any suggestion.