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ATLANTA UNDER CONTRACT

Atlanta Georgia was one of the most demanded investment cities in 2014 in the wake of the US crash, the low prices and strong rental market pushed demand to unprecedented levels which could not be sustained. Typically every tenanted property that came on the market was subject to a biding war, everybody wanted a slice of one of the best cities in the US Since then the market has levelled out somewhat due to increased property prices and a poor supply of inventory but demand is still on the rise, the majority of investment properties being offered today are vacant in need of refurbishment and often over 30 minutes from the city. Overall in the United States there is a shortage of homes available on the market. The lack of inventory is especially evident in the Downtown Atlanta area and North Atlanta suburbs where inventory shortages have resulted in price appreciation of 10% or more in certain areas. Over the last two years, during the summer months there was essentially the same number of homes on the market as the number of properties sold. The National Affordable Housing Management Association—described as a “leading voice” in the fight for affordable housing in the U.S.—highlighted actions by Atlanta government leaders and developers in an analysis of rental conditions in cities across the land, noting that teachers, firefighters, police, retirees, and others are having difficulty affording to live in the cities they serve. NAHMA summarised the local situation as follows “ The City of Atlanta is currently experiencing a surge in multifamily housing construction brought about by a strong regional economy and growing demand for urban living. However, most of the rental housing delivered over the course of the last several years is unattainable to entry-level employees and public servants working in the municipality proper” Atlanta at the moment is a beehive of new development, it has recently experienced a influx of new residents and businesses due to the new construction. Downtown Atlanta is home to numerous attractions, sporting events, and Centennial Olympic Park. Atlanta ranks third nationally in the number of Fortune 500 companies headquartered in one particular city (16 total). Some of the Fortune 500 companies headquartered in Atlanta include The Home Depot, UPS, Coca-Cola, and Delta Air Lines. Atlanta also headquarters ten Fortune 1000 companies, generating $345.6 billion of revenue. In addition, more than 75% of the Fortune 1000 companies have operations in Atlanta. Atlanta is the Capitol of the South and has the fastest growing population in the US, the population of Atlanta is expected to increase by 43 percent from now to 2025 which will push demand even further for rented properties. Atlanta is a major transportation hub and is home to the busiest international airport in the world. Atlanta has a high number of colleges and universities, more than 30 institutions of higher learning are located in Atlanta. Atlanta receives 16.5 million visitors each year, there are 130 retail centres and 54 public parks, the city is home to the fourteenth largest mall in the USA. And this isn’t even the half of it, Atlanta is becoming a Hollywood rival in film production; home to national teams in every major competitive sport; a mecca of world renowned universities; entertainment destination and cuisine hot spots, Atlanta is easily the number one choice for investors given real estate prices have not yet succumbed to the radical prices of New York City and Los Angeles. So we can see clearly that Atlanta is an incredible investment but currently it is not ticking every box for the overseas investor. There is a huge demand for rented properties but this is not being backed up by a supply of turnkey properties, especially ones that are not subject to a bidding war. In 2017 the metro Atlanta real estate market will continue to be a seller’s market as modest construction of new housing and the low turnover of existing housing stock will continue to keep inventories low and elevate prices of houses on the market. The Atlanta business chronicle recently ran an article titled – Affordable housing and the mayor’s race: ‘There is nothing more important” The article stipulated how important affordable housing was going to be for the leading candidates for Mayor. Global Investments Incorporated have been waiting for the right opportunity to enter the Atlanta housing market, we have been looking at this market for over three years now but could not offer the right product to our investor clients, we did not want our clients to be part of a bidding war or purchase vacant properties that need work. We are proud to say that our tireless hard work has paid off, we have just signed up an exclusive agreement of 49 townhouse just 15 minutes from Downtown Atlanta, all of these homes are refurbished, tenanted and come within the confines of a secure well maintained development. Due to the huge demand in Atlanta this development will be offered on a phase basis of 10 properties per time, the development is ideally situated less than 3 miles from I-75 and 10 minutes from Jackson-Hartsfield International Airport. CEO Mike Moodie was quoted saying” This is one of the best developments to come on line in the US in recent years and we expect to be sold out in a number of weeks, if you have been looking for a good rental property in the Atlanta housing market this is the one you have been waiting on”

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“ THE IMPORTANCE OF PROPERTY MANAGEMENT AND WHAT YOUR PROPERTY MANAGER SHOULD DO “ 

After selling 4000 plus homes in the US we believe that the on the ground property management and support you receive is as important as the property you buy. At Global Investments incorporated we strive to partner with the best most efficient management companies in each city we sell properties in.  When we open in any new region, CEO Mike Moodie personally travels and meets a number of management companies to decide on which one would provide the best hands on service for our investors. Before we agree to pass our investors over to the management companies all the correct due diligence is carried out, including speaking with current clients of the specific management companies and finding out about their experiences.  A good property manager in the US would normally take 10% of the gross rent each month for their services. The services that they provide should be as follows.  1. Rent Collection – The most important job. Collection of rent is vital and needs to be done in a professional manor. Our management companies ensure that they have a good relationship with both the tenant and the landlord and will collect the rent on a given date every month and will then deposit or wire the funds to whichever account our investors choose.  2. Maintenance – As a landlord you would be responsible for maintenance issues on the property should they arise. The property management company should handle all of the tenants needs and requests 24/7 on your behalf. This should also include getting you the very best quote for any works that are needed.  3. Book keeping  – Your property manager should provide a book keeping service ensuring that this is as hands off as possible for you and ensuring that you are following and recording any incidents with the property and also documenting any tenant requests and issues.  4. Tenant placement – Another major factor in property management. Our property managers will ensure that all tenants are correctly screened and all checks are done before making a placement, including credit, criminal and previous landlord checks.  5. Defaulting Tenants – When you hire a property manager they should not only be responsible for collecting the rent but also dealing with the legal procedures in the instance a tenant defaults. Sometimes this may mean negotiating directly with the tenants in person in the case that they are maybe only a month behind, or other times may mean filing legal processes in order to remove them from the property.  When choosing a property management company of course you should do your own research and home work. Once all of the above is in place and your property manager has been appointed then as an investor all should be pretty plain sailing and if for what ever reason issues do arise your property manager is there to handle them in the most effective and professional manor.  “ You can buy the best located property with the best tenants in place but if the property is managed badly this can tun into a bad investment which is one of the reasons we make sure that we only work with the very best on the ground management companies with decades of experience in their given fields. “ Mike Moodie – CEO Global Investments Incorporated. 

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Niagara Falls – NY – USA – Investors flock to the Up State City

Niagara Falls has been receiving huge interest in recent months from overseas investors, the once quiet little city is becoming a hub of investment and development. Niagara Falls, USA is seen as the number one untapped tourism destination in the USA ,125 million people live within a day’s drive and over 20 million people visit each year, three world class casinos draw over 6 million visitors a year. Both Buffalo and its sister city, Niagara Falls are undergoing phenomenal transformations spurred by billions in public and private investment. The Niagara Falls Redevelopment (NFR) has now spent more than $90 million in the Niagara Falls area as part of its continuing effort to develop key parcels in downtown Niagara Falls, USA. Amherst-based Uniland Development has revised its plans for the $150 million Wonder Falls Resort that will occupy much of the vacant Rainbow Centre Mall, and just around the corner Canadian hotelier Michael DiCienzo wants to invest $70 million in his Sheraton expansion.The region’s economic development pipeline continues to overflow with ambitious projects and indications are the trend will continue for at least the foreseeable future. Redevelopment and new construction abound, and businesses from restaurants to galleries to technology centers are opening at the fastest pace in more than 50 years. All of the excitement around Niagara Falls has led to a re-branding by the Tourist Board to increase tourism to the area and promote other attractions and not just the Falls, their new slogan is “Niagara Falls USA: Where Adventure Comes Naturally.” Reports from the major attractions indicate the number of visitors reached record levels last season.The goal of the new branding is to capture the essence of Niagara Falls now and for the foreseeable future. So what impact is this having on the housing market ? a huge one. If you were to take a similar property and drop it on the other side of the Falls you would be looking at paying over three times the price, that coupled with the fact that the US side of the Falls is a buzz of re-development is causing a frenzy of investment, even by the Canadians. Niagara Association of Realtors president Patrick Dummitt says he expects the increasing demand for property throughout the region to continue for years to come. Niagara is becoming the place to be for business people, residents, and investors. According to realtors across the whole of Western New York, the Buffalo and Niagara Falls housing market is red-hot right now – asking prices have risen to all-time highs and bidding wars can raise those prices even higher. The supply of housing inventory in the market has fallen 30% across the area since this time last year, according to the Buffalo Niagara Association of Realtors. So there is no question or doubt that Niagara Falls is one of the best investment areas in the US right now, the problem is finding the right properties at the right price while market prices are on an upward trend. Global Investments Incorporated has teamed up with one of the biggest housing suppliers in the Falls area, the properties are refurbished tenanted and all under management, they are also offer incredible value for money and are all very well located to take advantage of the current re-development. CEO Mike Moodie is quoted saying “Niagara Falls is going from strength to strength and has now overtaken Ohio as our second most popular region, at this rate it will soon overtake Detroit. With this new exclusive signing the next few months are going to be busy in Western New York State” If you would like more information on our exciting new product in Niagara Falls please contact Mike or any of the team at Global or email invest@globalinvestmentsincorporated.com

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