Cheap property for sale in usa, usa foreclosures for sale

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Ref: US054
Selling Price: 39 400 USD
Price: £ 25 731 / 38 048 AUD
Area: Detroit

Property size: 1190 sq.ft.
Bedrooms: 4
Garage: Yes

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Description property in usa

Foreclosed American property for sale

“The big money in property is found in unbalanced markets”

If you’re looking for big returns in property, forget ordinary markets. Markets probably like your own. Putting recession to one side, a return over 5% is unusual after costs.

The famous (or some would say, infamous) mega landlord in UK, Nicholas van Hoogstraten, once noted that who can be bothered with returns of “Just 10%”. He was standing in a London auction room at the time and had certain “techniques” in mind to achieve a superior return. Returns that enabled him to build a portfolio of hundreds of properties .

However, there’s no need for you to resort to Hoogstaten hard ball tactics to get big profits; just look for a property market where normal rules of supply and demand have been interfered with. Where the government is borrowing and printing billions (trillions in fact) and pouring a vast amount into the property market. And there’s only one place where this is happening, big time – America.

Uncle Sam’s selling off the silver

We’ve been working intensively in this market for some time now, but just can’t get used to the low prices of some foreclosed properties. Insanely low! Decent detached family homes, on good streets vacated by families who couldn’t pay their mortgages. Then the bank or lending institution wrote off the mortgage of $50,000, $70,000, even more and unload the property for a fraction of that debt. Even far less than currently depressed open market value.

Imagine running a business and selling off your goods for 4 times less than what you bought them for! You’d be bankrupt in no time. So, how on earth can they afford to do that? The answer is in government subsidy. Billions have been poured into the top of these financial institutions to stop them going bust and giving the American economy a really cold bath. That wouldn’t be good for re-election.

As then, as if chucking billions at these financial companies isn’t enough, the government is giving away subsidies of up to $8,000 to people to buy them, AND subsidising tenants to pay rents! No wonder prices are moving up at an accelerating pace on these properties.

To grab your share of the free government money just purchase one of our foreclosure houses. Such as this great house on Prospect Ave in Warren, Michigan. By doing that you avoid all the pitfalls associated with foreclosed homes, such as attached debts, poor neighbourhoods, complying with strict and varied city ordinances and getting good tenants. Everything is taken care of by us.

Four Bedroom Home with Double Garage to be Renovated and Tenanted

At present, we are focusing on Detroit and Warren areas in Michigan, as that area has been the most oversold in our opinion. Other investors in the US and abroad are following us, as they wake up to the opportunity. Warren has bottomed and is set to rise. Lots of government aid to clean energy car manufactures is in the pipeline. The glut of foreclosed homes is clearing.

This house has been carefully selected to be perfect for rental. It’s a decent street, attractive to prospective renters. A good property with 4 bedrooms. Please note that all pictures here are PRE REFURBISHMENT. The house is going to be refurbished and will be conveyed to you in good rental condition, completely re-painted.

The property measures 1190sq.ft and comprises of a living room, utility room, kitchen, bathroom and four bedrooms (each with in-built storage). The property benefits from having a double garage and extensive gardens to the front of the property.

Property taxes are approximately $2300 on this property and the expected monthly rental income will be $800-$850. This property will be sold to you with a rental manager in place to deal with the day to day running issues of the property.

A hand’s off, turn-key, investment

We handle all the work

Let’s be clear about this investment. You don’t have to live in America to own and rent it. You don’t have to be an American citizen. Anyone can buy.

You don’t even have to visit America to do the legal stuff – the property is just deeded to you. Total legal cost of conveyance is only $500 - no hidden charges or extra costs. And be assured that all properties sold by our company have gone through full title checks by specialist Title Company. The property is sold Freehold as an up and running investment. We have ironed out all the little hassles that inevitably crop up on newly bought properties (cutting lawn, asking neighbours to let us know if there’s a problem, dealing with utilities kind of thing). Just arrange to receive the rent.

And you shouldn’t have a problem owning and renting your American investment property without visiting. We have a proven rental service that seamlessly takes over from our builders, who select the right tenant for your property.