September, 2019 - Global Investments Inc Ltd

“NEXT STOP MILWAUKEE – THE NEW INVESTORS DREAM”

Milwaukee is a city that has not been on the investor’s radar for the last few years. But this fascinating city located North of Chicago in Wisconsin State is suddenly getting a lot of attention. Milwaukee is often written off as a rust belt city in decline; a city with a falling population; a city that needs investment. So why would you invest there you may ask? Milwaukee is following in the footsteps of other categorised rust belt cities like Pittsburgh, Buffalo and Cleveland to name a few. These cities have seen large-scale investment, rising house prices and high rental demand and Milwaukee is no exception to this. CNBC ran an article at the end of last year called, “Why millennials are flocking to Rust Belt real estate.” The article centred around why States like Ohio, Michigan and Wisconsin are seeing an influx of younger buyers in search of more affordable living. To quote the article it stated: “In recent years, the revitalized Rust Belt economy has brought in younger workers, and made the area’s real estate an attractive investment opportunity. Redfin, one of the largest Real Estate websites in the US, has identified the start of bidding wars in Rust Belt cities – a trend that can already be seen to have taken effect in in Cleveland, Ohio. Looking at Milwaukee itself, we can see that this property market is already showing signs of revitalisation, prices are starting to rise and rental demand is on the up and up. According to Zillow, the median home value in Milwaukee is now $123,300. Milwaukee home values have gone up 7.6% over the past year and Zillow’s Milwaukee real estate market prediction is that the prices will rise 3.3% within the next year. Milwaukee is the largest city in the state of Wisconsin and the fifth-largest city in the Midwestern United States. It is located on Lake Michigan’s western shore. Milwaukee is the main cultural and economic centre of the Milwaukee metropolitan area, which has a population of over two million people as of 2018. Downtown Milwaukee is thriving as the economic, cultural, and social hub of South Eastern Wisconsin. Since 2005, over $4.1 billion worth of private and public projects have been completed, and more than $3.4 billion is currently being invested in ongoing or planned construction projects. Milwaukee is known for many great things. There are nine Fortune 500 companies located there. It was once know as “Brew City “ due to the large number of breweries: including the Miller Brewing Company, Pabst Brewing Company, Joseph Schlitz Brewing Company to name just a few. In fact, the city has been heralded as the beer capital of the world. Milwaukee is also home to Harley-Davidson, which was founded in 1903 and has growing into one of the world’s largest motorcycle manufacturers and an iconic brands worldwide. Milwaukee has an exceptional school system and one of the highest college students-per-capita ratios in the United States. Located downtown is Marquette University, to the East is the Milwaukee Institute of Art & Design (MIAD), and just north of the city is the University of Wisconsin-Milwaukee. Milwaukee is also a popular venue for Lake Michigan sailing, windsurfing, kite-surfing, ethnic dining, and cultural festivals. Also sometimes referred to as the “City of Festivals”, Milwaukee has various cultural events that take place throughout the summer. If you walk through Downtown Milwaukee today you will witness a new glistening skyline: new glass buildings, new bridges, new restaurants and new shops, showing that this city is leading the way in Midwest Urban architecture and design. Global Investments are incredibly excited about this city and we feel it offers our investors the right mix of well-priced properties and high rental demand. Coupled with higher than average rental payments, this gives you the perfect investment opportunity. Our new Milwaukee properties will be listed within the next two weeks, so please keep an eye out on our website and contact any of the team at Global for a sneak preview invest@globalinvestmentsincorporated.com

Global Investments in Downtown Cleveland

This week Shemika gives you a tour of Downtown Cleveland including the Stadium and the Marina, we also get to see some other great attractions Cleveland has to offer.

What should I be paying for my USA Investment Property and how can I be sure I am paying the right price ?

Investing in a buy-to-let property can be hugely rewarding and a sound financial decision. But only if you’re getting the right price and know all the facts. Nobody likes to be overcharged. This is especially true when it comes to big purchases, like a property investment. No matter the current state of the property market, you want to make sure you are paying the right price for your investment property. But the questions is: how do you know what is a good price and whether the likely return on investment is what it is advertised to be ? To help you navigate the tricky world of buy-to-let investments, read this quick guide. What is fair market value? To put it simply, fair market value is the price that a property is expected to sell for on the open market. The term is used frequently in real estate, and has come to reflect the price of a home under the following conditions: Buyers and Sellers are knowledgeable about the property. Buyers and Sellers are free of undue pressure to trade. Buyers and Sellers are given reasonable time to complete the transaction. And, most importantly: The price of the property reflects the standard and condition of the home. At Global Investments we always take the time to establish the true value of a property and the likely returns based on its location, state of repair and current market conditions – all of which is supported by the local agents we work with who have a detailed knowledge of the neighbourhoods. Also we negotiate strong with our Suppliers to try and ensure that our Buyers are actually paying below market value for the majority of our houses. You can always check these prices offered by any agent by performing your own research so that you can evaluate the price of a property and ensure that the investment you are making is a sound one. Look at recently sold properties Seek out properties that have been recently sold and which you can easily compare to your prospective investment. Ideally, this is a property that is similar in size, neighbourhood, condition and amenities. Two 1400-sqaure-foot homes in the same neighbourhood should be listed at similar prices. You can also look at homes that have distinct differences from the buy-to-let you are interested in. Is the property that has caught your attention cheaper than larger properties? Is it more expensive than smaller or less attractive houses? How does it fit with the recent market? Explore comparable properties on the market Don’t just look at properties that have already sold, however. Take the time to visit other homes for sale and get a real sense of how their condition measures up to those of your chosen property. This will help to provide a clearer idea of whether the price you’ve been told is fair. Look at unsold properties Some homes are taken off the market because they didn’t sell. If the price of your chosen home is similar to those of these unsold homes, the property in question may be priced too high. Also, if there are many similar properties on the market, prices should be lower, especially if those properties are currently vacant. Consider market conditions and market appreciation Look at the state of the wider property market. Have prices been going up or down recently? The fairness of a property’s price depends largely on where the market currently sits on the real estate curve. Some research is often required to get an accurate picture of the current market, as it can be difficult to see the overall patterns until they’ve been and gone. Where your home is situated and the future prospects for the local area can have an impact on property pricing. If a town or neighbourhood is set to receive substantial investment with new construction work, new employers and new amenities in the pipeline, there’s a good chance that property prices could be on the increase. Similarly, improving transport links, reputable schools and low crime rates can all give you confidence that your investment will see its value go up rather than down. On the other hand, if local businesses are closing down and the area is slowing, values are more likely to stagnate. Get an expert opinion Thanks to experience, trusted estate agents and investment experts can guide you as to the future prospects of a property. They’ll also be able to get a firmer grip on recent data and prices, so don’t be afraid to ask for help and advice when you need it. The Bottom Line The right investment experts will offer you a fair price for your property investment. Researching around both the company itself and the wider market can help you gain a clearer idea of whether the price you’re paying is in line with the property’s actual value. At Global Investments we always work hard to ensure that the investment opportunities we present to clients represent the best value for money and the highest net returns possible. Get in touch with our friendly, knowledgeable team today and we’ll be happy to offer our advice on the best opportunities in the market today invest@globalinvestmentsincorporated.com

THE OPPORTUNITY CORRIDOR, CLEVELAND

“ The Opportunity Corridor” is a boulevard in Cleveland, Ohio, partially open to traffic and partially under construction. The $306 million city investment will connect Interstate 77 and Interstate 490 to the University Circle neighbourhood (the fastest-growing job centre in the region). The purpose of the project is to improve the roadway network within an area of the City of Cleveland that is historically under-served and economically depressed. Construction of the Opportunity Corridor began in 2015 at the East end with Section 1 – the widening of East 105th Street. That section opened in the fall of 2017. By that time, work had already begun on Section 2, which extended the roadway from East 105th to East 93rd Street. That section opened in November 2018. Work on Section 3 – the longest, most complicated section – began earlier this year with completion expected in late 2021. Opportunity Corridor would make it easier for commuters and visitors to reach University Circle jobs and cultural institutions such as the Cleveland Orchestra and the Cleveland Museum of Art. The institutions in particular would have easier access to new audiences on the West Side of the city and Cuyahoga County. So the question is simple, What opportunities will the corridor create? and How will this affect the Real Estate market in the surrounding Cleveland neighbourhoods? Job creation and commercial opportunities The corridor could create a 400-acre inner-city brownfield redevelopment zone that generates thousands of new jobs. It is also hoped that the corridor will reactivate hundreds of acres of fallow industrial land and hollowed-out neighbourhoods in the city’s “Forgotten Triangle”, located south of South Woodland Road and east of East 55th Street. A 2011 study by Allegro Realty Advisors for the Greater Cleveland Partnership states that the corridor could create 2,300 permanent jobs and 3,300 temporary jobs with a total payroll of $1.1 billion. Hundreds of millions of dollars in city, county, state and federal tax revenues would be created. IBM is already investing in a building near Phase 1 of the project. This $11.1 million office building will be used by IBM to house about 300 employees in its growing Explorys division – a healthcare data analytics company. The expectation is that most of those IBM workers will live in the surrounding neighbourhoods, which offer the best standard of living and value for money. Over the next 10 years, should business investment continue to grow as expected, this will increase the value of land and property demand in the surrounding areas such as Fairfax, Buckeye, Kinsman, Woodland Hills and Slavic Village. Over the last 2 years, Global Investments have noticed an increasing demand from investors for single and multi-family homes in these areas. Local and foreign investors are purchasing buy-to-let properties that are large in size with plenty of character and often refurbished. This is revitalising the neighbourhoods and attracting good clientele by providing affordable quality housing for long-term renters. Early signs of the impact Opportunity Corridor has had are very promising. Global Investments will be closely monitoring the subsequent property fluctuations as work continues. We will look to keep readers posted as this area evolves over the coming months and years.