By Gerald Tay (guest contributor)
I recently shared my insights on the USA real estate market to local investors and readers. Unsurprisingly, I received many emails from them, in particular on buying low-cost USA Single-Family Homes (SFH) for investment. Some investors shared with me that they are currently facing serious issues on these low-cost properties, and wanted to find ways to resolve them. My direct answer was: “If you can find buyers for such properties, sell at whatever price ASAP!”
With our expensive local property market, financing restrictions and low deposit rates, many Singaporean investors are eagerly jumping on the wagon (like everyone else) to buy low cost properties in foreign countries such as USA for investment. But is this a smart move?
Reasons these low cost properties look enticing
Here are some reasons why these foreign properties look enticing to investors:
- Low purchase cost – a Single-Family home ...