Your right about some things.
1. Buy low sell high.
2. Pound is high versus dollar (not historically high by the way, in the old days, the pound used to buy 7 dollars!, but in recent times it is pretty high)
3. Looking where you get value.
That is good investment strategy.
Now the hard bit.
Balancing rental income to mortgage.
Knowing tax policies of respective countries for capital gains, inheritance (unfortunately if you dont make it before you sell for your loved ones).
If you went US road, we have products from very cheap, but I dont think the rent covers all the costs. Actually it does not. So though cheap, the numbers dont stack up. Government taxes are pretty high for property owners. Insurances are high.
How much money do you have to invest?
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Originally Posted by PMBLUE57
OK! That's fare bit of information in one hit! Now i'm really confused!
I don’t intend to retire to the US. I plan on buying property so that in 30 years time I will have something that has increased in value so that I will have an income from rent or sell for a lump sum.
The reason I’m looking into the US and not the UK is that historically the houses prices and the dollar are low at the moment where as the UK is at it’s highest!
I’m familiar with the investment theory and correct me if I’m wrong but any investment has an element of risk. Also you never buy when the price is high!
It’s interesting that you say long term leasing is what the agencies are looking for. I guess they charge more for tourists but you don’t get the guarantee of full time occupancy!
All I’m interested in earning just enough to pay the mortgage! The return comes when I sell in 30 years time!
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