All Forum Posts by: Matteo Cancian

@Steve DellaPelle @Andrew Fidler @David Hansen @Kyle A. 

@Majic Jones @Mike H. @John W.  @Engelo Rumora @Fred Heller @Rashard Alomari @Alvin Neal, I am using an UK company just for convenience really, being European is much easier to travel to the UK and have a chat with these people instead of flying to the US. (I don't like to do things only by phone calls or emails). I understand that it is a risk but by not being a full time investor my free time is quite limited unfortunately.. 

Once more thanks everyone for your help!!

Matteo

Hello everybody at BP,

I am looking at some buy to let properties in the US through a UK property company. The cities we are looking at includes Detroit, Atlanta, Toledo and Cleveland in Ohio, Buffalo and Niagara Falls in New York..

What I really find weird and makes me step back a little on the final move is the very high net return this property can give you despite a very low purchase price. The vast majority of the houses we are looking at vary from 35k to 50k and they are already rented out for at least 600$ per month.

So this properties give out anything from 15% to 22% Net return. This is something unseen in Europe.

What I am asking myself is: why are this people renting this low value houses for this high rentals when they could easily buy them and pay less per month for a mortgage? Does my doubt make sense?

Another piece of advise I am looking at is: how to know if a property company is legit or they are just trying to steal your money?

Thanks a lot for any help guys!

All the best

Matteo

Hello @Lindsay Stewart, thanks a lot for your welcome! Ye Venice is the best! ;)

Many many thanks again!

Matteo

Hello @Dave Visaya, salamat po for the welcome! 

I saw you are the Audio boss here ;) , do you also invest in the Philippines? 

@Steve Kontos

Hi Steve, thanks a lot! 

That is for sure a wise advise!! ;)

Matteo

Dear all guys at Bigger Pockets! First of all congratulations to what you have in place here! This forum is massive and full of informations! My name is Matteo and I am from Italy, I live next to Venice! I am a super small real estate investor, I mean very small! Only 1 unit so far bought in the U.K! I like the US a lot and for a while now I have been looking into investment opportunities, Florida and Detroit are the areas that I am looking into now. Of course I already have some question and I will drop a discussion about Detroit! I did some research here that didn't completely answer my questions! Hope to be at the beginning of some good deals! All the best to all of you! Matteo