I have £10k to invest!

The one thing i'm not willing to do is invest this into a deal that wont pay for it self.

If i have to pay a monthly top up then it defeats the object of the excersice!

Don't you agree?

Ok, 10k is still alot of money. Sterling.
With 10k, you need something that gives you a rental yield.
(or 20k US dollars), but for non residents, you will need about 30% to put down.

I think your financials are out for the US.

The best market for you, or other people at this moment in time in my opinion is Egypt.

Why. It came top of rental yields when you take out taxes and inflation. The top 4 were as follows.
1. Egypt
2. Indonesia
3. Philippines
4. Panama

The US was not in sight.
With 10k you will have to take a mortgage, or you can do something with a friend.
Also, you should let it to expat people, via the internet, friends and family and work colleagues, to get 100 pounds x 24 times a year *100 pounds a week. Will give you a 10% yield on 20k apartment.

It wont make you rich, but it is a start. Alternatively you can invest in something where you live and stop paying rent. I can ask to see if anything can be brought in the US with 10k down but I dont think the rent will pay the mortgage.

Another alternative is to find another investment you are more comfortable with and invest there. ie. buying something from the US and selling in Europe.

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eg. Cars!, for the same product in Europe, it is at the moment 50% cheaper in the US. Even with shipping and taxes you still save 30% for the same product. Only worth doing on vehicles over 20k-30k, and you need a buyer tied up the other end.

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Intersting you mention cars! I'm involved in motorcyle racing and the one thing i was planning on doing was to import an RV! Motorcyles i would be interested in! But that's another story.

I'm a bit reluctant in buying property from places like Egypt. My folks have just sold their house here in the UK and have bought a villa in Spain and a Yacht in Greece!
The price of the property in Spain seems to have stalled and i get the feeling that investing on this side of the world has been saturated leaving very little opportunity.
The Yacht is to be chartered in the summer, so until then I won't know if it is a good investment.

Yes, find your niche and exploit it.

Egypt fair enough, it is not for everyone.

Spain is a good market for distressed sales, and for retirement but not for investment in my opinion.

There are opportunities in property like all investments, buy low, sell high, property you can make cash from through rentals and get cash through mortgages, so it is an interesting investment vehicle. And for most people the saying safe as houses, is true, well in the term in the uk, which has been on a bull market for years.

Remember how long it took you to save the 10k, think as long and hard as it took you to make it to spend it.

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Hello Blue,

There is much sound advice which has already been given here I think.

To my mind, the market that one understands best is always going to be the one where one lives. Maybe repossessions could be an option - you could sit in on a couple of auctions, see how they work, and by visiting property in the area you can get a good idea of the going prices. Then, when you see what is possible, you can aim for that.

The US can be enticing but unless you plan to go live there, and get the feel of the place, I can't see that for you either. If you plan to buy rental property (on the eve of a possible recession???) you will also have management fees to deal with, on top of everything else.

Perhaps one solution would be to opt for undevelopped property in an area which is moving at a fast pace. I recently invested in Costa Rica because a person in whom I have total faith (a family member) strongly advised that I do so. The country is very stable and they are very strict about planning because they are keen to preserve their natural heritage. If you would like to follow this up, I can give you the email address and telephone number of the person who has been advising me, and who will be glad to share the information that she knows about her area with you. Transactions take place in US dollars so that means that currency instability (other than that affecting the dollar itself) is not a problem. With the recent equity market turmoil people just might be afraid of the stock market for awhile and this could bode well for more insulated investments such as these. Let me know via the Private Messaging (PM) system on this Forum if you would like contact information.

Good hunting,

Neustria

Remember trying to get a foreign mortgage is usually very difficult and often they work on 40% of you take home pay being able to cover all your credit outgoings to include the new mortgage.

With £10k I also think Egypt. The trick as ever is to buy from a large reputable developer. Morocco is my preferred area (3 hour flight, year round mega developments)but I think you would need a larger deposit than £10,000

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Been investing abroad a few years. Always amazed people invest in places that produce just a few months rent per year

Yeah! I've noticed that. The only reason that I can think of is they buy them as a holiday home and accept that it will cost them £*** and anything they get back is a bonus.

Personally, I wouldn’t invest for that reason.

I certainly would invest unless the incomings covered the out goings.

I like the idea of buying in the UK! But I’m a first time buyer for a reason! It’s because I’ve never been able to afford a place here.

I like the idea of repos! Never really looked into it! Any ideas for contacts?

I live and work and Florida, Orlando to be exact. I can say certain areas are better buys than other. Goldberg Global had a valid point about tourists. Short terms rental near Kissimee and Davenport are not what many believe them to be. They are not occupied much of the year. The rental agents that do short term rentals(short term meaning under 7 months, only certain counties are permitted to rent properties by the week or month) charge a large fee. Communities designed as an all in one charge a basic fee plus a % of month income. This equates to you receiving 50% of the income. Then the short term rentals are required to pay taxes as if they were a hotel or resort. Properties in other areas are better. The east side of Orlando has an abundant amount of business coming to the area and this brings people. The medical school at the University of Central Florida is opening in about 1 year, Biotech is coming as well, Florida Hospital is expanding in the area, Lockheed is located here... I could go on and on about how that area is superior to Four Corners/Disney area.

If you would like help or simply have question, I would be more than happy to help message me

Hi, I would like to agree with strategicgroup realty the rental agents take a lumpy sum of money from your rental return and davenport/kissimmee has a huge amount of rental properties so as ever competition drives down prices,

I think you should look at Universal Boulevard dubbed "The new downtown Orlando" also opposite the worlds 2nd largest convention centre (with plans to be the worlds largest) is Vista Cay which has excellent potential to target convention goers in an area of town where rental property is scarce!!

I recommend you check it out, better to look at all your options before you sign on the dotted line.

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Investing in Overseas Property go to 4Front or Looking at specific large scale resort communities visit - The Bulgarian Aheloy Residence & Moy village or Cape Verde's Dunas & Tortuga