Go Back   English Forum Switzerland > Living in Switzerland > Business & entrepreneur
Reply
 
Thread Tools Display Modes
  #1  
Old 12.08.2011, 08:02
monkeynut's Avatar
Forum Veteran
 
Join Date: Sep 2007
Location: Geneva
Posts: 1,492
Groaned at 39 Times in 33 Posts
Thanked 1,377 Times in 516 Posts
monkeynut has a reputation beyond reputemonkeynut has a reputation beyond reputemonkeynut has a reputation beyond reputemonkeynut has a reputation beyond reputemonkeynut has a reputation beyond reputemonkeynut has a reputation beyond repute
Investment opportunity re US property

Dear all,

Given the exchange rates etc and all that is happening its obviously a good time to buy property in the US.

Ive been out a few times this year and identified a couple of very good deals in the Florida, Orlando region (the best rental returns also). The situtaiton there is very difficult with foreclosures and short sales etc making buying anything complicated and takes a long time.

I have been offered one of the properties yesterday and was wondering if
anyone fancied some sort of investment club to make a purchase or two?Between a few people these houses are not expensive whatsoever.

My feeling is that even if the house prices stayed the same over there, you can make 20%-30% just on the exchange gain..

FAQ

"Monkeynut, if it such a good deal why arent you doing it yourself?"

Well, i am , i have just finished buying a furnishing a property on the same resort and have already seen a substantial rise in value just by getting ready. www.legacyviewreunion.com

"Monkeynut, why should we bother? I mean you have a funny name and i dont trust you?"

Well,who can you trust these days, its a grreat deal, not a huge risk and due to Florida being the most visited place on earth the rental returns will comfortably pay back 8-10% while the asset appreciates all the while. All for a similar price of a car parking space in Geneva. Plus you have the added bonus of a free holiday home!

More details by Pm etc but i look forward to your questions.
Reply With Quote
  #2  
Old 12.08.2011, 08:27
Phil_MCR's Avatar
Forum Legend
 
Join Date: Oct 2009
Location: Zurich
Posts: 9,352
Groaned at 181 Times in 106 Posts
Thanked 9,075 Times in 3,944 Posts
Phil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond repute
Re: Investment opportunity re US property

i've been thinking the same thing for a while, but was not convinced the timing was quite right. however, i'm interested. can you email me?
Reply With Quote
  #3  
Old 12.08.2011, 08:33
monkeynut's Avatar
Forum Veteran
 
Join Date: Sep 2007
Location: Geneva
Posts: 1,492
Groaned at 39 Times in 33 Posts
Thanked 1,377 Times in 516 Posts
monkeynut has a reputation beyond reputemonkeynut has a reputation beyond reputemonkeynut has a reputation beyond reputemonkeynut has a reputation beyond reputemonkeynut has a reputation beyond reputemonkeynut has a reputation beyond repute
Re: Investment opportunity re US property

sure will do, im pretty comfortable with the timing re excahnge rates and even more comfortable with the housing situation as i have been monitoring it for 6-8 months and seen it go from 250+ houses on this resort for sale to about 30.. and people are scrabbling over the last lot and pushing the prices up..

anyway will send a mail now.. where are you in Switzerland?
Reply With Quote
  #4  
Old 12.08.2011, 09:31
stanrm's Avatar
Junior Member
 
Join Date: Oct 2009
Location: Cham/Zug
Posts: 57
Groaned at 1 Time in 1 Post
Thanked 13 Times in 10 Posts
stanrm has no particular reputation at present
Re: Investment opportunity re US property

How about we chip in to buy this one:

http://cgi.ebay.com/Tesoro-Estates-G...d=254206748312

This same lot sold for over $500,000.00 in 2006 is going now for $29,900.00!!
Reply With Quote
This user would like to thank stanrm for this useful post:
  #5  
Old 12.08.2011, 09:34
The Real Stig's Avatar
Forum Veteran
 
Join Date: Aug 2010
Location: Low tax canton
Posts: 516
Groaned at 11 Times in 6 Posts
Thanked 634 Times in 261 Posts
The Real Stig has a reputation beyond reputeThe Real Stig has a reputation beyond reputeThe Real Stig has a reputation beyond reputeThe Real Stig has a reputation beyond repute
Re: Investment opportunity re US property

Hi Monkeynut,

So funny you bring that up. We have family in West Palm, FL and we just spoke to them last weekend asking them if it made sense to invest in a property there to take advantage of the property prices and also the Forex rates. I would be very interested to evaluate an opportunity like this. Can you please send me some details through PM?

Thanks,

Stig
Reply With Quote
  #6  
Old 12.08.2011, 09:48
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Geneva
Posts: 9,071
Groaned at 132 Times in 113 Posts
Thanked 5,880 Times in 3,465 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Investment opportunity re US property

Quote:
View Post
Hi Monkeynut,

So funny you bring that up. We have family in West Palm, FL and we just spoke to them last weekend asking them if it made sense to invest in a property there to take advantage of the property prices and also the Forex rates. I would be very interested to evaluate an opportunity like this. Can you please send me some details through PM?

Thanks,

Stig
Plöease send me details too.
Reply With Quote
  #7  
Old 12.08.2011, 10:06
monkeynut's Avatar
Forum Veteran
 
Join Date: Sep 2007
Location: Geneva
Posts: 1,492
Groaned at 39 Times in 33 Posts
Thanked 1,377 Times in 516 Posts
monkeynut has a reputation beyond reputemonkeynut has a reputation beyond reputemonkeynut has a reputation beyond reputemonkeynut has a reputation beyond reputemonkeynut has a reputation beyond reputemonkeynut has a reputation beyond repute
Re: Investment opportunity re US property

you should all have pms now? anyone didnt get one let me know.

Just one thing regarding the cheaper properties, the ones i have sent out are on the premium resort in orlando, gated, secure and with excellent facilites. And close to Disney which helps. And in my opinion the ones that are little to rise in value most and quickest.

There may be slighly cheaper ones out there but on ungated non resort places which will neither rent out as well nor appreciate as well

cheers
Reply With Quote
  #8  
Old 12.08.2011, 10:09
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Geneva
Posts: 9,071
Groaned at 132 Times in 113 Posts
Thanked 5,880 Times in 3,465 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Investment opportunity re US property

Quote:
View Post
you should all have pms now? anyone didnt get one let me know.

Just one thing regarding the cheaper properties, the ones i have sent out are on the premium resort in orlando, gated, secure and with excellent facilites. And close to Disney which helps. And in my opinion the ones that are little to rise in value most and quickest.

There may be slighly cheaper ones out there but on ungated non resort places which will neither rent out as well nor appreciate as well

cheers
It's the monthly charges in gated communities that worries me.
Reply With Quote
  #9  
Old 12.08.2011, 10:11
KeinFranzösisch's Avatar
Forum Veteran
 
Join Date: Dec 2010
Location: Washington, DC
Posts: 2,290
Groaned at 64 Times in 39 Posts
Thanked 2,549 Times in 1,115 Posts
KeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond repute
Re: Investment opportunity re US property

Quote:
View Post
I have been offered one of the properties yesterday and was wondering if
anyone fancied some sort of investment club to make a purchase or two?Between a few people these houses are not expensive whatsoever.

My feeling is that even if the house prices stayed the same over there, you can make 20%-30% just on the exchange gain.
have you looked at the costs of fixing/repairing? property management? Prevailing rental rates?

If you're really into it, you can buy my house outside of DC. I'd love to get it off of my hands.
Reply With Quote
This user would like to thank KeinFranzösisch for this useful post:
  #10  
Old 12.08.2011, 10:13
monkeynut's Avatar
Forum Veteran
 
Join Date: Sep 2007
Location: Geneva
Posts: 1,492
Groaned at 39 Times in 33 Posts
Thanked 1,377 Times in 516 Posts
monkeynut has a reputation beyond reputemonkeynut has a reputation beyond reputemonkeynut has a reputation beyond reputemonkeynut has a reputation beyond reputemonkeynut has a reputation beyond reputemonkeynut has a reputation beyond repute
Re: Investment opportunity re US property

its around 400 a month on this one, but that includes gardening, cleaning all exterior areas and a weekly pool clean and all the security etc etc so its pays for itself with the rentals really as when i go i know i would rather stay on a 24hr manned, gated resort. Good point though
Reply With Quote
  #11  
Old 12.08.2011, 10:19
flavio's Avatar
Forum Veteran
 
Join Date: Jun 2009
Location: Winterthur
Posts: 744
Groaned at 70 Times in 41 Posts
Thanked 587 Times in 325 Posts
flavio has a reputation beyond reputeflavio has a reputation beyond reputeflavio has a reputation beyond reputeflavio has a reputation beyond repute
Re: Investment opportunity re US property

Sites you should be looking at:

http://www.homepath.com/

http://www.homesteps.com/

http://realestatecenter.bankofameric...ges/map-search

http://www.indexpost.com/

I'm actually buying RE but not as an speculative investment but for its yield, even after taxes its not that bad. If you believe you can make money on FX, don't invest in RE, go short on the CHF... good luck!
Reply With Quote
  #12  
Old 12.08.2011, 10:27
monkeynut's Avatar
Forum Veteran
 
Join Date: Sep 2007
Location: Geneva
Posts: 1,492
Groaned at 39 Times in 33 Posts
Thanked 1,377 Times in 516 Posts
monkeynut has a reputation beyond reputemonkeynut has a reputation beyond reputemonkeynut has a reputation beyond reputemonkeynut has a reputation beyond reputemonkeynut has a reputation beyond reputemonkeynut has a reputation beyond repute
Re: Investment opportunity re US property

they are all good, but what im trying to acheive is to narrow it down a little and my experience of going out to these specific places and knowing where they are..there are a few dodgy areas etc.

the specific thing with florida is that it rents out a lot and with so much to do there it shoudl always be the case.

my opinion re the Forex is that you may as well invest in property in USD and then you gain both ways!
Reply With Quote
  #13  
Old 12.08.2011, 10:35
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Geneva
Posts: 9,071
Groaned at 132 Times in 113 Posts
Thanked 5,880 Times in 3,465 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Investment opportunity re US property

The link to the property for sale you sent does not work. Thanks
Reply With Quote
  #14  
Old 12.08.2011, 10:44
kevlegs's Avatar
Forum Legend
 
Join Date: Jan 2009
Location: Far far away
Posts: 2,650
Groaned at 3 Times in 3 Posts
Thanked 1,324 Times in 700 Posts
kevlegs has a reputation beyond reputekevlegs has a reputation beyond reputekevlegs has a reputation beyond reputekevlegs has a reputation beyond reputekevlegs has a reputation beyond reputekevlegs has a reputation beyond repute
Re: Investment opportunity re US property

Maybe I can turn this into a business when I hit Tampa later this month.

Helping International buyers hook up with properties etc......
Reply With Quote
  #15  
Old 12.08.2011, 12:03
monkeynut's Avatar
Forum Veteran
 
Join Date: Sep 2007
Location: Geneva
Posts: 1,492
Groaned at 39 Times in 33 Posts
Thanked 1,377 Times in 516 Posts
monkeynut has a reputation beyond reputemonkeynut has a reputation beyond reputemonkeynut has a reputation beyond reputemonkeynut has a reputation beyond reputemonkeynut has a reputation beyond reputemonkeynut has a reputation beyond repute
Re: Investment opportunity re US property

any thoughts, decisions anyone? potential 50% investment secured so far

nearly open in US and things need to move qucikly to secure the best deals

cheers
Reply With Quote
  #16  
Old 12.08.2011, 12:13
Phil_MCR's Avatar
Forum Legend
 
Join Date: Oct 2009
Location: Zurich
Posts: 9,352
Groaned at 181 Times in 106 Posts
Thanked 9,075 Times in 3,944 Posts
Phil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond repute
Re: Investment opportunity re US property

thanks. i'm definitely interested but the timing is not right for me. let me know if you have other targets in the future. i'd also be interested if the deal could be leveraged with a mortgage (say 50%).
Reply With Quote
  #17  
Old 12.08.2011, 12:16
monkeynut's Avatar
Forum Veteran
 
Join Date: Sep 2007
Location: Geneva
Posts: 1,492
Groaned at 39 Times in 33 Posts
Thanked 1,377 Times in 516 Posts
monkeynut has a reputation beyond reputemonkeynut has a reputation beyond reputemonkeynut has a reputation beyond reputemonkeynut has a reputation beyond reputemonkeynut has a reputation beyond reputemonkeynut has a reputation beyond repute
Re: Investment opportunity re US property

it is possible to get a 65% mortgage (i have been pre qualified for etc and have the forms) so if that something that interests anyone that can be done too. im happy to put it in my name and i would expect rental income to cover repayments fully and more..

edit: being a cash buyer is a preference for the bank at the min though and is easier to get a dicount too..
Reply With Quote
  #18  
Old 12.08.2011, 12:19
adrianlondon's Avatar
Forum Legend
 
Join Date: Nov 2009
Location: Basel
Posts: 7,552
Groaned at 144 Times in 127 Posts
Thanked 17,875 Times in 4,923 Posts
adrianlondon has a reputation beyond reputeadrianlondon has a reputation beyond reputeadrianlondon has a reputation beyond reputeadrianlondon has a reputation beyond reputeadrianlondon has a reputation beyond reputeadrianlondon has a reputation beyond repute
Re: Investment opportunity re US property

How is the building maintained and insured? How can it be a free holiday home if it's occupied? And roughly how much investment per person are you looking at? Ball park figures.

I know you said to PM, but hey. I'm a public person
Reply With Quote
  #19  
Old 12.08.2011, 12:38
monkeynut's Avatar
Forum Veteran
 
Join Date: Sep 2007
Location: Geneva
Posts: 1,492
Groaned at 39 Times in 33 Posts
Thanked 1,377 Times in 516 Posts
monkeynut has a reputation beyond reputemonkeynut has a reputation beyond reputemonkeynut has a reputation beyond reputemonkeynut has a reputation beyond reputemonkeynut has a reputation beyond reputemonkeynut has a reputation beyond repute
Re: Investment opportunity re US property

ok, well it is maintained by your homeowner fees.. they take care of everything outside the home, pool, plants and communal areas. (on this resort there are several pools dotted around people can use) This is about 400 US a month,
You instruct a property manager to act for you which is USD 75 a month and they take care of the inside, replacing lightbulbs etc etc

insurance is around USD 1,000 a year

it is full of short term rental.. families going to disney mostly for 1 or 2 weeks. The beauty of florida is that its busy all year round.
But as with anywhere its unlikely to be full 100% so you simply block the week you want to use it.

my idea would be for a property of say USD 240,000 that a minimum investment would be USD 24k which would entitle you to 1 weeks stay. Which obviously a USD 48k would be 2 weeks etc. Roughly speaking
Reply With Quote
The following 4 users would like to thank monkeynut for this useful post:
  #20  
Old 12.08.2011, 12:39
Forum Veteran
 
Join Date: Jul 2007
Location: Vaud
Posts: 1,644
Groaned at 80 Times in 61 Posts
Thanked 2,397 Times in 934 Posts
Mikers has a reputation beyond reputeMikers has a reputation beyond reputeMikers has a reputation beyond reputeMikers has a reputation beyond reputeMikers has a reputation beyond reputeMikers has a reputation beyond repute
Re: Investment opportunity re US property

Quote:
View Post
How is the building maintained and insured? How can it be a free holiday home if it's occupied? And roughly how much investment per person are you looking at? Ball park figures.

I know you said to PM, but hey. I'm a public person
yeah I pm'd but I'd be interested in some ballpark numbers MN, send by PM if you wish.
Reply With Quote
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
"investment opportunity"? [$10 houses in the US] Peg A International affairs/politics 34 23.04.2010 12:28
Amazing Luxury Holiday Resort Investment Opportunity In Switzerland!! Don't Miss!!! The Laundry Man Jokes/funnies 0 30.11.2009 09:55
Looking to buy investment property.. monkeynut Items for sale 0 29.05.2009 13:05
Property Investment Swiss Cheddar Housing in general 4 04.08.2008 18:25
Property in CH - a wise investment? Kgrob Housing in general 11 08.05.2008 08:55


All times are GMT +1. The time now is 01:59.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0