Investors from overseas looking to tap into the real estate market in the US, especially in popular states like Florida or California, should seriously consider engaging the services of a real estate specialist. In Florida, for example, Fairhomes is an investment and development company that has an in-depth knowledge of the market. New investors, and especially those from abroad, need a reliable source of information before getting into the field.
Smaller investors need to consider carefully what they want to buy. It may be a property for vacation rental that the investor might want to visit for a break once or twice a year, renting it out for the rest of the year. Checking out the best areas for this type of rental can be done more easily with people on the ground who can help and advise.
An investor may be seeking to spread a portfolio, and there will always be a need for rental properties to be available all over the country. Buying properties such as small apartments for year-round letting, where the initial outlay is not so great, may be an attractive way of developing that portfolio. Good research is needed to ensure that the returns are good enough to satisfy, especially if a loan is being taken out from a bank or other financial institution.
The housing market in the US is in recovery mode and although it will take considerable time for it to approach levels from five to six years ago, it is a market worth consideration for investment at this time.