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CheevesFinancial

  • CheevesFinancial replied to the topic Considering US property investment – where to start?!?! in the forum Overseas Deals 13 years, 5 months ago

    So a UK company is selling real estate on the other side of the world?  Investors, please do your research and work with good LOCAL professionals. 

  • CheevesFinancial replied to the topic Have found opportunities, now need to find a syndicate. in the forum Overseas Deals 13 years, 5 months ago

    Apartment complexes are great to look into especially given that rental properties are very favorable right now due to the amount of homeowners that have went into foreclosure.  Occupancy rates on rentals have improved dramatically.  However, out of 50 complexes that are out there for sale, maybe 1 makes utmost economic sense.  You need a FULL an…[Read more]

  • CheevesFinancial replied to the topic Interesting Article – investing in the US in the forum Overseas Deals 13 years, 5 months ago

    We handle a lot of SW Florida investment properties for international buyers.. Mostly duplexes like this person in the article bought.  I was able to look up the Wright's duplex that they purchased as I assumed it was our area where duplexes are great rentals.  They overpaid by about $15,000 which is a lot when the price is $96,000 and your r…[Read more]

  • CheevesFinancial replied to the topic USA Foresclosure Properties. in the forum Overseas Deals 13 years, 5 months ago

    Yes, foreclosures can be tricky.  When buying anything built from 2005 to present which is most of what our business consists of, be sure to ask about Defective Chinese Drywall.  Trust me, you don't want issues with that.  You can google the problem to see for yourself.  Rental rates have stabilized in many areas and in some areas are ris…[Read more]

  • Yes, even domestic investors are finding property management to be the biggest issue.  Sorry for leaving things out of the article.  I didn't want to be too long winded, just general.  I should really update that because you raise good points.In Florida, we work in the SW Florida region (Ft. Myers/Cape Coral) we are achieving tenancy in under 30…[Read more]

  • Yes, once in a lifetime opportunity.  If you can get cash or get a mortgage perhaps through Llyods or HSBC you should be able to line yourself up for a lucrative opportunity.  We are seeing a lot of foreign money coming in.  We also have a long time business in New Jersey on the Hudson River across from midtown NYC in addition to Florida.  LOT…[Read more]

  • Your own due diligence is the only thing that can make your investment seemless.  There are thousands of agents pitching investment property.  Question:  Do these agents even know how to calculate Net Operating Income?  Do they include true expenses when calculating that NOI?  Real estate agents in the U.S have the same reputation as Used Car Sale…[Read more]

  • CheevesFinancial replied to the topic Considering US property investment – where to start?!?! in the forum Overseas Deals 13 years, 5 months ago

    We have been getting a lot of inquiries from AU and UK for investment / income properties in Florida.  Real Estate Investors: be aware that Florida is VERY local.  Some markets provide a good opportunity and some just don't make sense.  You would see distinct differences with your own eyes.  Anyone pitching "appreciation kickers" or spe…[Read more]

  • CheevesFinancial replied to the topic New Investor in the forum Overseas Deals 13 years, 5 months ago

    Hello Hirav,I would be happy to answer any questions you may have about investing within the US.  I am located in Southwest Florida and we have opportunities to fit all budgets.  Jeff is correct, you will probably need about $30-60k to get started on a good investment.  Anything much less than that you could be getting an older house where al…[Read more]

CheevesFinancial

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