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Jobs in Cleveland: 2024 Cleveland Economic Guide

As a key urban player in the Midwest, how is the Cleveland economy performing? For residents exploring new careers, visitors getting the lay of the land, or homebuyers considering moving to Cleveland, taking an in-depth look at the city’s economy is of vital importance. Cleveland’s Economic Landscape Cleveland boasts a diversified economy with key sectors such as healthcare, manufacturing, and aerospace, supported by major Ohio employers like the Cleveland Clinic and initiatives such as the Cleveland Innovation District contributing to job growth and economic stability. Emerging industries in technology, biotechnology, and green energy, with companies like MediView XR and LAND Energy, demonstrate Cleveland’s growth as an innovation hub, attracting investment and talent. The city is home to the headquarters of five Fortune 1000 companies and benefits from strong regional collaboration, economic development initiatives, and the influence of education and research institutions like Case Western Reserve University on workforce development and economic success. Cleveland’s economy is a mosaic of diverse sectors, including education, tourism, technology, healthcare, finance, and manufacturing. Major employers like the Cleveland Clinic and University Hospitals consistently rank amongst the top healthcare institutions in the world, further boosting Cleveland’s economy. Cleveland’s favorable economic climate has led to a competitive unemployment rate in Greater Cleveland. Job growth has been observed in various sectors, including construction and healthcare, positively impacting the local economy. Healthcare Industry The healthcare industry is pivotal to Cleveland’s economy, with Cleveland Clinic and University Hospitals as leading employers. The MetroHealth System, STERIS, HealthSpan, UnitedHealth Group, Maxim Healthcare Services, and Medical Mutual further support the industry, contributing to Cleveland’s strong healthcare sector. Manufacturing Sector Manufacturing remains vital for Cleveland’s prosperity, with firms in this sector seeing a resurgence due to increased demand for domestic goods. Many of these firms have a global footprint, helping to fortify Cleveland’s economy and enabling it to thrive. Aerospace Industry Cleveland’s economy also benefits from the aerospace industry. ZIN Technologies, a longstanding partner with NASA, exemplifies the industry’s contribution to job creation and economic activity in Cleveland. Emerging Industries in Cleveland The city’s economic diversification extends beyond its established sectors. Emerging technology companies like MediView XR and AgileBlue are raising substantial funding and expanding services, proving Cleveland to be a hub for technological innovation. Biotechnology, health technology advancements, and medical equipment are reshaping the landscape, with companies like Abeona Therapeutics and SPR Therapeutics driving further economic growth. Even in green energy, Cleveland is making strides with LAND Energy’s electric transportation focus. Corporate Headquarters in Cleveland Cleveland is home to the headquarters of five Fortune 1000 companies, reflecting its significance as a center for corporate management and operations. Economic Growth Initiatives The city’s economic growth is bolstered by initiatives involving both the public and private sectors. Community development and long-term strategic planning are key to Cleveland’s expansion efforts. The Cleveland Innovation District, backed by university collaborations and JobsOhio, is expected to add 20,000 jobs and create significant economic impact. Over the past 12 years, Cleveland has invested over $430 million in business initiatives and real estate projects, demonstrating its commitment to economic growth. The Role of Education and Research Institutions Educational institutions like Cleveland State University and Case Western Reserve University contribute significantly to workforce development, maintaining a skilled workforce in Northeast Ohio. Approximately 70% of college graduates in Ohio find their first job locally, further fueling economic growth. Regional Collaboration for Economic Development Cleveland’s collaboration with neighboring cities in Northeast Ohio is essential in leveraging shared resources and promoting collective progress. The Northeast Ohio Development Exchange (NODE) provides a platform for regional stakeholders to connect, fostering a shared understanding among the region’s decision-makers. The Robust Cleveland Economy Cleveland’s economy is powered by diverse sectors, from healthcare and manufacturing to aerospace and technology. Major employers, innovative startups, and Fortune 1000 companies shape the economic landscape. Economic growth initiatives, coupled with the influence of education and regional collaboration, strengthen the city’s economic prospects. Cleveland’s real estate market, strong rental demand, and progressive business climate present opportunities for growth and development. With its dynamic economy and promising future, Cleveland shines as a beacon of resilience and innovation in Northeast Ohio and beyond. Frequently Asked Questions What is Cleveland’s economy based on? Cleveland’s economy is based on manufacturing, leading medical centers, and Fortune 1000 company headquarters in finance, advanced manufacturing, and healthcare. What is Cleveland known for producing? Cleveland is known for producing a diverse range of goods, including clothing, iron shapes, and automobiles, along with strong sectors in higher education, manufacturing, financial services, healthcare, and biomedicals. Is Cleveland a thriving city? Yes, Cleveland is a thriving city, with downtown experiencing significant population growth and $9 billion in investment transforming it into a diverse community. What are the key sectors in Cleveland’s economy? Cleveland’s economy is powered by sectors including education, tourism, technology, healthcare, finance, and manufacturing.

Our Guide to Hassle-Free Property Investment for Passive Income

In the realm of wealth creation, few strategies match the reliability and long-term benefits of property investment. However, the traditional image of property investment often conjures up visions of endless paperwork, tenant management, and property maintenance. But what if there was a way to enjoy the benefits of property investment without the hassle? Enter the world of hassle-free property investment for passive income. Passive income is the holy grail of financial freedom, offering the promise of earning money with minimal effort and time investment. When it comes to property investment, passive income typically comes in the form of rental income generated from tenants occupying the property. The key to achieving true passive income lies in streamlining the investment process to minimize your involvement while maximizing returns. In today’s digital age, technology has revolutionised every aspect of our lives, including property investment. Investors can now leverage various platforms and services to streamline the entire investment process, from property search and acquisition to tenant management and With the rise of virtual reality and 3D technology, investors can now conduct property tours from the comfort of their own homes. Virtual tours provide a realistic and immersive experience, allowing investors to evaluate properties without the need for physical visits, saving time and resources. Tenant screening can be a time-consuming process, but with the help of automated screening services, investors can quickly vet potential tenants based on criteria such as credit history, income verification, and rental references. This helps ensure that only qualified tenants are selected, reducing the risk of late payments or evictions. Passive investment strategies are designed to minimise the need for active management, allowing investors to generate income with little to no ongoing effort. When it comes to property investment, there are several passive strategies that investors can employ to maximize returns while minimizing hassle such as the buy-and-hold strategy involves purchasing properties with the intention of holding onto them for the long term, allowing them to appreciate in value while generating rental income. By investing in stable markets and selecting properties with strong rental potential, investors can enjoy consistent passive income without the need for frequent buying or selling. Investment Trusts offer investors the opportunity to invest in real estate without directly owning physical properties. These publicly traded companies own and manage a portfolio of properties, generating rental income that is distributed to investors in the form of dividends. REITs provide diversification, liquidity, and passive income without the hassle of property management. Crowdfunding platforms allow investors to pool their money together to invest in real estate projects, such as residential or commercial developments. These platforms handle all aspects of the investment process, from property selection to management, allowing investors to passively earn income without the need for hands-on involvement. Hassle-free property investment offers a range of benefits for investors looking to generate passive income with minimal effort. Here at Global Investments our team of property investment specialists can talk you through the different options available to you. In particular we have an agreement in place with a Social Housing provider offering a completely hands-free long term passive income starting at 9% and rising over a 25-year lease term with increases based upon the consumer price index. Our properties give you. 1. Time Freedom: By outsourcing property management tasks to professionals and leveraging technology, investors can reclaim their time and focus on other aspects of their lives or pursue additional investment opportunities. 2. Reduced Stress: Managing rental properties can be stressful and time-consuming, especially for inexperienced investors. Hassle-free investment strategies eliminate the need for hands-on management, reducing stress and allowing investors to enjoy a more passive income stream. 3. Scalability: With hassle-free investment strategies, investors can easily scale their property portfolios without being limited by the constraints of time or resources by acquiring additional rental properties. Scalability is a key advantage of hassle-free property investment. In conclusion, hassle-free property investment offers investors the opportunity to generate passive income with minimal effort and maximum returns. By outsourcing management tasks, and embracing passive investment strategies, investors can enjoy the benefits of property ownership without the hassle of day-to-day management. Whether you’re a seasoned investor or just starting out, hassle-free property investment provides a pathway to financial freedom and long-term wealth accumulation. Let us here at Global Investments talk you through the different options available to you. Get in touch.

How to make your property buy to let investment work in the UK market

Investing in buy-to-let properties in the UK can be a lucrative endeavour, but it’s essential to approach it with careful planning and consideration. Here we set out some key steps to make your buy-to-let investment work in the UK market. You must research the Market. Start by researching the local property market in the area where you intend to invest. Look for areas with strong rental demand, potential for capital growth, and amenities that attract renters. Setting clear goals allows you to define your investment goals, such as your desired rental yield, investment timeline, and target tenants. Understanding your objectives will help guide your decisions. Budget Wisely. Calculate your budget, including the purchase price, legal fees, stamp duty, renovation costs, and ongoing expenses. Be realistic about your financial capabilities. If available explore your financing options, whether it’s through a buy-to-let mortgage or other means. Consider speaking to a financial advisor or mortgage broker to find the best deal for your situation. Some deals are cash only, these often offer long term leases and decent returns if your able to consider. Select a property that aligns with your investment goals. Consider factors like location, property type, and the potential for future growth and calculate the potential rental yield by estimating the monthly rental income and comparing it to your initial investment. A good yield is typically around 5-8%. Understand the legal and tax implications of buy-to-let investments in the UK. Consider consulting with a tax advisor to optimize your tax strategy and decide whether you’ll manage the property yourself or hire a property management company. Management can be time-consuming, so factor in the cost of professional management if needed. Screen tenants carefully to minimize the risk of non-payment or damage to the property. Ensure that tenants meet all legal requirements and have a good rental history. Regularly maintain the property to keep it in good condition. Promptly address any repair or maintenance issues to maintain the property’s value and appeal. Keep an Eye on the Market, monitor the property market for changes in rental prices and demand. Stay flexible and be willing to adjust your rental rates as market conditions fluctuate. Consider diversifying your property portfolio by investing in different types of properties or in various locations to spread risk. Buy-to-let investments are typically a long-term endeavour. Be patient and expect that it may take several years to see substantial returns. Its important to develop an exit strategy. Understand how and when you plan to sell the property and under what circumstances. Keep up with changes in the rental market, property regulations, and tax laws. Being informed allows you to adapt to market conditions and legal requirements. Investing in buy-to-let properties can be a profitable venture when approached wisely and diligently. It’s important to do your homework, stay organized, and be prepared for the responsibilities that come with property management. Consider seeking advice from experienced property investors or professionals to help you make informed decisions. Here at Global Investments, we have readymade property investments for you. Tenanted ready property offering 8% and 9% net returns along with 10-to-25-year leases. Get in touch with us to find out more.

Buying an overseas property in need of renovation. Pros, Cons, and Considerations

As a company Global Investments Incorporated have been selling in Cleveland for over 5 years and have sold over 1000 houses in the city. As stated in previous blogs, for investors the clock is ticking. Prices are continually on the rise and the issue still seems to be the gap between supply and demand. Finding good tenanted properties in good neighbourhoods is getting tougher as each month passes. The simple fact is that It is rare to find the perfect property in the exact location you desire within budget. This applies to a home you are looking for to live but also for a buy to let investment property overseas. However, if you are open to buying a house that needs renovating, the options can vastly increase. Taking on a renovation can be a slightly more time consuming commitment, so it’s best to be well-informed upfront as to the potential pros and cons of embarking on such a project. In this post, we explore these pros and cons so you can make the right decision for your investment property. Pro’s 1. Capital Appreciation Finding a property for a reasonable price that has yet to reach its full potential provides maximum scope for capital appreciation. Upgrading kitchens and bathrooms, knocking walls through to create open-plan living areas, adding extensions, or completing loft or basement extensions are just some of the ways that you can add significant value to a property. However, renovations needn’t always be massive undertakings. Sometimes, the right property in the right street just needs a little TLC to bring it up to scratch. Typical minor renovation repairs include repainting and decorating, resealing wet areas, retiling, replacing old flooring, fixing broken windows, repairing cracks in walls, etc. With our experience, Global Investments have the best suppliers finding the best property options available. In partnership with some of the best contractors in the City we will find you the perfect fixer-upper ! 2. Rental stability Maintaining a stable profitable income is the key to obtaining that high ROI everyone wishes. The Net ROI does not take into consideration 2 factors. Maintenance and vacancy. The main benefits to owning a newly renovated property is firstly the management company can place a brand new tenant on a fresh contract which has been vetted and personally approved by the landlord. Tenants moving into a clean, updated property are less likely to wish to move on giving you a steady rental income. Secondly, a newly renovated property will rarely require maintenance, of course there can be the odd unanticipated eventuality but generally speaking there should be no reason why each month you obtain the full rental income less of course the management companies 10% fee Cons 1. Understanding the budget of a renovated property. While it is easy to get carried away with lofty redesign ideas, it’s important to remember that the majority of any profit gained is dependent upon the initial purchase price. Finding a property with potential that has not yet been realised and then making sure that you don’t overspend on your renovation work concerning the area’s market values is key to maintaining the chance of healthy profits. However, before you purchase a property from Global Investments that is in need of some renovation work we obtain an official quote from the contractors. With all of the costs factored ( purchase price / renovation costs / rental potential ) You can make a sound decision before you go ahead with the purchase. 2. Vacancy Due to the high demand of rental properties in City’s like Cleveland obtaining a freshly renovated property ( ready to go ) is obviously harder than we would like. When available they sell in a matter of hours leaving many buyers keeping a keen eye on our stock disappointed they missed out. The majority of Global’s renovation projects ( And often the best deals ) The works are completed after the new owner closes on the property. This means the funds to complete the renovations are held in Escrow by the title company and transferred to the contractors after closing. Of course in this situation the new owner must anticipate this and appreciate that it will take a matter or weeks and sometimes months depending on the scope of the renovations before the house will be ready for a tenant to be placed. Investors will need to factor this into their financial plans and understand that the rental income will not be made available immediately. Of course the benefit of this is that the investor will have the option to many more properties available and in fact potentially find the best deals. If you are interested or wish for a call and for more detailed information on the latest renovation properties Global Investments can offer then please email us today at : invest@globalinvestmentsincorporated.

10 Questions to ask when looking at Investing in the US Buy to Let market

Real Estate has produced many of the worlds wealthiest people and one of the most lucrative buy to let markets at the moment is the USA. Investors all over the globe are taking advantage of the low priced homes and the high returns offered by different housing markets in certain States. But like any investment it is better to be well versed before diving in with all or even some of your savings. You need to arm yourself with as much information as possible so you can make an informed decision before making the plunge. Manchester Based firm Global Investments Incorporated have been selling these types of investments for coming up to a decade and lead the market in sales to the Overseas and Domestic investor. We asked CEO Mike Moodie what his advice would be and what questions a first time buyer should ask before they get involved. Mike suggested the below 10 points investors should consider before investing. Which Company should I buy from? – In my opinion this is one of the most important choices and obviously this is the first decision you will make before even looking at the properties. This is very important as you will be looking to build a relationship with this company moving forward and taking their advice and guidance on many matters so its really important that you feel comfortable and confident in them. You should always look to speak with someone rather than just email communication. I would also look for a company that has a good track record in this given market and has at least a few years in this business. As a company we offer a personalised one to one meeting either on Zoom or in our offices to discuss the clients needs and requirements. ( The majority would be done on Zoom or whats app calls ) Which State should I buy in? – Well this is a hard one as its really a personal choice sometimes and depends on the individual. All of the areas we sell in offer excellent returns and also good capital appreciation, some more than others. I guess that the investor really needs to decide whats more important? The net return or growth or in some cases getting a balance of both. ( My advice would be to look at all the options before making a decision and see what each area offers you and you’re given budget ) Right now Cleveland Ohio, St Louis Missouri and Detroit in Michigan would be our top 3 markets. Should I buy in my own name or a company? – For the fist time investor I think its probably better to initially invest in their own name and later if we want we can always open an LLC and transfer the ownership over from them to the company. It is really only beneficial to own in an LLC if the investor is looking at purchasing multiple homes. So its very easy to make this decision after the first purchase has been completed. Obviously if the clients intention is to build a portfolio then we would advise the company set up and purchase in the name of the LLC from the start. We work with an excellent CPA in Michigan that can incorporate the LLC and set a bank account up with Bank of America for our investors. Cost is around $1000. Should I buy a vacant or tenanted property? – I think that both of these options are good, again it is sometimes a personal choice. Buying a tenanted home is great as it gives an immediate income from day 1 but the buyer should ensure that all the correct due diligence has been done on the lease agreements and rent history of the current tenants. On the other hand I do speak with some investors that like to buy a vacant refurbished home that they can have an involvement in the tenant placement with the new management company. The downside is that maybe it may take a month or two before they find the right tenant but I do remind my investors that a few months on a 5-10 year investment is really small and not a big issue. So again really its down to the individual. As a company we offer both vacant and fully rented options. Can I have an Inspection? – This has to be the biggest question the buyer should be asking as hey should never close out on a property unless they can see a full independent inspection. They should also ensure that any fees or deposits are subject to this inspection and that should they not like the report these funds can be transferred to an alternative of their choice. ( All of our contracts and reservations are subject to the inspection ) Should I buy a Section 8 house or private – Again this comes down to personal choice. Both tenants can prove to be excellent but again comes down to how well they have been vetted. Obviously a lot of investors like the idea of Section 8 as the rent is paid direct to the landlord but if a private tenant has been vetted correctly by the managing agent then the rent should be as good as guaranteed anyway. ( Section 8 homes would also normally come with a premium due to the guaranteed factor ) Can I have a US account for my rent? – This is one of the biggest questions that we get asked and its really simple. The bottom line is it doesn’t actually matter. The managing agents that we use will send your rent to which ever account that you nominate. Obviously it can save on wire fees etc. if you do have a US account. You can only open a personal account if you are present in the bank in the US however we can open company accounts for our clients without them being present. The only reason you would need to open a LLC and bank account is if you buy Section 8 housing as these payments can only be sent to a LLC and not an individual. Who will manage

A guide to buy-to-let properties in Manchester

There is a growing consensus that Manchester is fast-becoming the second city of the United Kingdom. Ever since the BBC announced it was moving a huge portion of its broadcasting operations to Media City in 2011, Greater Manchester has grown to become a Northern capital worthy of its status as a business and cultural hub. From a property investment point of view, Manchester is very much a tale of two cities. The modern, contemporary new-build apartment and commercial complexes that pepper the city are balanced by areas which offer examples of best-in-class urban regeneration. Viewed very much as a key location in the industrial revolution, from an architectural point of view Manchester still retains many of the older, characterful buildings of its past. Repurposed as trendy loft spaces in former Victorian warehouses, the regeneration of Manchester’s Northern Quarter in particular has been a resounding success. In the process creating an aspirational market for city-centre living in a location rich with amenities, achingly cool eateries and a vibrant cultural scene. The problem with Manchester is not so much whether to invest in a city with so much opportunity, but where is best to invest to make a good long-term return. Early doors investors in decades old city-centre developments have been the big winners from long-term investment due to the rapid rise of the Northern Economy centred around the city. With both easy access to transport and an international airport close by, urban developments have quickly sprung up to service a growing financial, professional and creative workforce who choose Manchester as their home. House prices in Manchester have responded swiftly as a result – with current prices sitting at an average of £248,704 – 21% higher than the previous 2019 peak, according to Right Move. Although technically a rival city to Manchester, Salford in Greater Manchester has been a particular benefactor of the significant investment into commercial regeneration of the wider area. The creation of the Media City hub on Salford Quays and the subsequent relocation of several major BBC departments was a positive signal to the rest of the UK. A signal that not only was Manchester a place to do business, but traditionally London-centric industries could benefit from the change. For relocating staff it meant lower house-prices than they were used to in the South and a cheaper cost of living. But for Salford, it led to a 44% increase in house prices in just 5 years. The study by Xendpay found that between 2016 and 2021, Salford had one of the biggest increases in house prices in the Greater Manchester area – signalling that long-term regeneration had indeed had a positive effect on the area. With so many districts of Manchester performing well from an investment point of view, it does beg the question is there anywhere left for property investors to go? The answer is quite simply, UP! City-centre living remains enduringly popular amongst professionals and students alike, and that is certainly the case with some of the UK’s finest attractions and amenities on the doorstep in Manchester. Indeed, Manchester retains one of the biggest city-living populations in the UK. With the bohemian Northern Quarter now a thriving and aspirational area for young professionals and city dwellers – new areas of the city have started to spring up in investment circles as the next new hotspot for urban dwellers and property investors. Ancoats is one such area. A formerly grimy industrial hotspot, easy access to the city centre means Ancoats’ former warehouses are quickly being transformed into trendy apartments as well as newer build contemporary schemes. Similarly, neighbouring New Islington has the feeling of an up-and-coming area that has not quite hit the up yet. However, with some incredibly smart new build developments underway, it won’t be too long till the Northern Quarter will be fighting to retain its title of top trendy Manchester spot. Perhaps the most highly anticipated new development in the city, though, is Manchester Waters – the stunning new waterfront apartments, which promise to become a vibrant community for those who want easy access to both Media City and Manchester City Centre. Want to find out more about our Manchester developments or any of our other buy-to-let investment opportunities? Get in touch today invest@globalinvestmentsincorporated.com.

Flint, Michigan. Why you should consider investing now ?

Flint, Michigan. Why you should consider investing now ? Known as “ The Vehicle City “ Flint is the largest city and seat of Genesee County, Michigan, United States. Located along the Flint River, 66 miles northwest of Detroit, it is a principal city within the region known as Mid Michigan. According to the 2020 census, Flint has a population of 81,252, making it the twelfth largest city in Michigan. After considerable research Global Investments with their professional contacts in the U.S. have just released buy to let investment property in Flint, Michigan. For a seasoned buy to let property investor there are many factors that sway decision. Obviously the main factors are, price, rental yield and potential capital appreciation. Global Investments started business nearly 10 years ago selling investment property in Detroit. Many people at the time were harshly critical of the area and potential. It is very easy to simply read one side of the story and listen to the negativity surrounding the demise of the once bustling city filled with business and opportunity. 10 years ago Global Investments were selling an average three bedroom, brick built single family home for less than $25,000 in Detroit. The increase in demand and steady growth of Detroit is still continuing however to purchase that same property it will now probably cost you close to $60,000 Our early investors ( that we still deal with ) have been extremely happy with their decision. Who can blame them ? Now, we are not making any statement that Flint will mirror Detroit however there are current statistics and trends that are peaking the interest of many savy long term investors right now in Flint. The first thing to mention is price. One of the many reasons that sales slowed down in Detroit over the last few years which catapulted Cleveland, Ohio into one of our busiest regions was the ability to enter into the market at a very low cost. Property prices is Flint are incredibly low right now which enables a larger audience to look at getting on the investment ladder. So to begin let’s get the “ Elephant in the room “ out of the way and explain why properties dropped so considerably in Flint, Michigan. Quite simply put it was the water scandal. It began in 2014, when the city switched its drinking water supply from Detroit’s system to the Flint River in a cost-saving move. Inadequate treatment and testing of the water resulted in a series of major water quality and health issues for Flint residents. This stemmed from the tragic decision in 2013 to end the city’s five-decade practice of piping treated water for its residents from Detroit in favour of a cheaper alternative: temporarily pumping water from the Flint River until a new water pipeline from Lake Huron was built. Although the river water was highly corrosive, Flint officials failed to treat it, and lead leached out from ageing pipes into thousands of homes. One of the few bright spots of the Flint water crisis was the response of everyday citizens who, faced with the failure of city, state, and federal agencies to protect them, united to force the government to do its job. On the heels of the release of test results in the fall of 2015 showing elevated lead levels in Flint’s water—and its children—local residents joined with NRDC and other groups to petition the U.S. Environmental Protection Agency (EPA) to launch an immediate emergency federal response to the disaster. Those efforts paid off. In November 2016, a federal judge sided with Flint residents and ordered the implementation of door-to-door delivery of bottled water to every home without a properly installed and maintained faucet filter. A more momentous win came the following March with a major settlement requiring the city to replace the city’s thousands of lead pipes with funding from the state, and guaranteeing further funding for comprehensive tap water testing, a faucet filter installation and education program, free bottled water through the following summer, and continued health programs to help residents deal with the residual effects of Flint’s tainted water. Since then the state provided more than $350 million to Flint, in addition to the $100 million from the federal government – all of which is helping with water quality improvements, pipe replacement, healthcare, food resources, educational resources, job training and creation, and more. For five years in a row Flint’s water has been meeting federal standards. The water is now testing at 3 parts per billion (ppb) which is much lower than the federal requirement of 15 ppb. Flint’s water is one of the most monitored and testing the same as similar cities across the state and country. Obviously during this scandal many people and businesses left the City and the housing market plummeted. But things are changing, with the number of homes on the market continues to be near historic lows, which has driven prices up. Strong demand for housing among millennials, along with low interest rates, have tightened the market still further. Lumber prices are higher than normal, too, which has pushed up the price of new construction. With these factors and also the continuing exodus in many major cities in the US for more affordable housing in the suburbs has caught the eye of long term real estate investors. Flint, Michigan’s Real Estate is again starting to slowly move in the right direction and with prices so low and without the water issue hanging over its head the potential for capital appreciation in the coming 10 years could eclipse Detroit ! So what are the facts : Prices increased 0.39 percent from February to March in the Flint MI Metropolitan Statistical Area, according to the CoreLogic Case-Shiller Index, one of the leading trackers of the housing market. Prices are up 8.80 percent from March 2020. Forecasters are expecting increases for 2021 – 2022 to increase by at least a further 8% and possibly into double figures. Once confidence

USA INSURANCE – F&Q’s

If you purchase an investment property in the US you will need to have buildings cover just in case your home is damaged and needs repair. If you’re a landlord it is your responsibility ( although it’s not compulsory ) to have at least public liability insurance.Of course there are many insurance policies available to cover any eventuality worldwide. For a buy to let property the two most important aspects of cover which are imperative are buildings insurance and Liability insurance.Whichever state you purchase in, Global Investments will help you obtain the correct policy that has you covered, with different programs to suit all investors. You can protect your investment from as little as $1 per day or less! For maximum convenience you can chose to pay monthly or pay for a whole year up front.The coverage we recommend is what’s called ‘Special Form’ or ‘All Risks’, which means if it’s not specifically excluded, it’s covered. This ;policy covers Fire, Theft, Vandalism, sometimes called malicious mischief (VMM). You can Insure for the amount you want without the penalty of co-insurance, on most plans.Most common FAQ’sI’m looking for the best price as possible, what’s the lowest amount I can insure for?The minimum amount is $45 per square foot, but that’s not the recommended amount, you must decide that yourself.I’ve paid $50,000 for my property, I’ve got a real bargain, can I insure it for more?Yes you can, but there are a few thing to bear in mind. It doesn’t matter what you insure for, the insurance company won’t pay you more than it’s worth/what you paid for it. Insurance is there to “make you whole again” not to make you a profit. If you’ve bought a property for $50,000 that needs a $50,000 rehab and you insure it for $100,000, if it burned down before you did the rehab, you’d probably only the $50,000 you paid for it.What is ACV?ACV is Actual Cash Value and is different from the Replacement Cost. It’s basically what the property is worth after taking into account wear and tear and ignoring market conditions. A bit like a car goes down in value as it gets older. This is typically used in lower markets in the US where property has reduced is value due to economic circumstances. In some cities you can buy a house for $50,000 but that same house would cost $150,000 to build. You’d insure it for the ACV of $50,000 because in the event of a total loss, you’d simply clear the site and buy a replacement home for $50,000 not spend $150,000 rebuilding a new one. The Programs that can be offered include options to insure for either ACV or RC.What is RC?RC is Replacement cost, it is the amount it would cost to replace the property in the event of a total or partial loss. The cost of insuring for RC is typically much higher than insuring for ACV. If you look at the above examples insuring for RC of $150,000 would cost 3 times as much as insuring for $50,000 ACVI don’t have to worry about maintenance, that’s why I’ve got insurance, right?Wrong! This insurance is not a maintenance program and the property must be properly maintained as part of the policy conditions. If you don’t maintain your property, the insurance company is likely to deny your claim.My property manager want’s to board-up my vacant property. That’s expensive and I want to save the money. Insurance will cover me for a break in, right?No. Your property manager is acting in your interests. Not only are they trying to protect your investment, but the policy conditions state that you must secure your vacant property appropriately. Which may require boarding it up. Failing to do this may result in a reduced or denied claim. This can also apply to freezing pipes bursting in the winter. A good property management company will “ winterise “ the property. Should you claim for burst pipes in a property that has not been winterised then the insurance company is likely to deny your claim.I’ve got 2 properties, can I have a discount for bulk?No. it doesn’t matter whether you’ve 1 or 100 properties. Insurance brokers treat everyone the same. The price you pay is what the underwriters quote for each case.I want a different deductible, can you find me a different policy?Unfortunately not. Insurance agents simply run several master insurance programs that allow our clients to add their properties to, you can chose the most appropriate one for your needs, but cannot source a different one or amend the ones they offer for you.I want to pay once a year, can I do that?Yes you can. There’s no difference in cost at all. If the payment option is monthly the insurance company simply multiplies the cost by 12. Your payment sit’s in their client escrow account and they draw it down each month. If you no longer need the cover the insurance company simply refunds the unused portion. If you wish to learn more or you have any specific technical questions relating to insuring your overseas investment property Please feel free to contact us on : invest@globalinvestmentsincorporated

TOP 10 TIPS FOR INVESTING IN PROPERTY NOW WE ARE IN 2021

Are you planning to invest in property now we are in 2021? Whether you are a seasoned landlord operating a string of residences or a first-time investor just discovering the potential of the buy-to-let sector, certain core principles apply. Global Investments top 10 property investment tips for 2021 1. Do your research. Location, location, location! Make sure you do your research, focusing on the best locations. These include areas close to a city’s business district and universities, so you can attract the right types of tenants. Central locations are often the most sensible in terms of demand, but this needs to be considered on a case-by-case basis. In city properties tend to be apartments. If you would prefer Freehold, consider areas within an easy commute of the city. Out of city locations can often offer property for investment at a lower entry price than in town. 2. Compare like for like. Consider your options for the local market. Always look for properties where you are paying a reasonable price per sq. ft compared to similar buildings in the local area, as well as those where tenant demand is outstripping supply. 3. Think long term. Successful buy-to-let investment is about investing for the long term, not just the immediate future. That means looking at which locations are going to still be popular five or ten years from now. City centres with major regeneration projects could have potential. 4. Review the developer’s track record. If you are buying off plan or new, make sure you are investing with a credible developer that has a solid track record of delivering quality properties. 5. Consider payment terms carefully. Most credible developers will only ask for 30% maximum deposit and then the balance at completion. This means they have their bank funding in place and that the banks have scrutinised them. If you are being asked for more than 30% before completion, approach the investment with caution. 6. Choose the right agent. If you are investing from overseas or simply a busy professional who’s planning for retirement, chances are you are short on time. This means you need an agent that provides a full management service. Choose the right partner who can negotiate the best deal with the developer, recommend reputable solicitors and financial advisors and offer you an ongoing, long-term support structure and after care service. 7. Do not shy away from off plan. You can often find reputable developers, choose the best apartments, and get the best deals by buying off plan. This allows you to benefit from maximum capital growth and rental yield returns. Some developers offer a rental guarantee period for the initial few years. 8. Understand your yields. Ensure you understand fully how to calculate yields, accounting for any mortgage payments you will need to make. Combining record low borrowing rates with high-yielding locations means you can maximise your return on cash invested, with your rental income covering your loan. If you are buying in cash because the property is at the lower end of purchase prices, ensure you are getting high yields of 8 – 10%. 9. Buy in your own name or with a Ltd company. Consider, research, and take advise on how you should buy, 10. Buy with your head. There is no room for sentiment when it comes to property investment. Trust in focused research and sound due diligence so that you can buy with your head every time. For more information contact any of the team at Global Investments at invest@globalinvestmentsincorporated.com

Property Investment – How to survive the crises.

Property investment, like everything else now, continues to be heavily influenced by Covid-19 and Brexit. But what does the market hold in the year ahead, what will be the main investment trends, and could regional towns and cities be about to have their moment in the sun? Global Investments show how Covid and Brexit have affected the company. Global Investments Incorporated has been selling investment property in the USA for over ten years and in the UK for two. We offer off-plan and new-build, buy-to-let and small freehold house investments that have undergone a stringent due diligence process. At the forefront of our business approach is transparency and customer service. We have carefully selected several buy-to-let and freehold investment opportunities. These are often below market value and some also offer a rental assurance option for the first few years, giving investors peace of mind. We focus on the North East and West of England with a selective few investment in other parts of the UK, including green belt regions around London. The areas we consider are either tipped for positive capital growth over the next 5-10 years, or offer a high return on investment, or both. How has the company been affected by Covid-19 and Brexit? Like most businesses, there is no doubt Covid has had an impact on us. However, as a company, we offer flexibility and understanding to our employees and have a strong system and infrastructure in place, allowing our employees to work from home or even abroad. This keeps our staff motivated and happy to work for us and therefore they are putting in the extra effort to keep our business sustainable and help us grow internationally. How can investors work their way round the current restrictions that the pandemic has created, and still invest in a safe and profitable way? Adaptation is key to survival during the current climate and health crisis. We have found that savvy investors are capitalising on the current crisis and looking for good deals and bargains. This means blending flexibility by our developers with embracing technology such as Zoom, video virtual property tours and producing the right content. Adding value and free education has been key to our continued success and growth. Why are regional towns and cities in the UK ripe for investment? And which ones would you recommend? Regional towns and cities in the UK are an inviting marketplace for investors in both the short and longer-term. The UK’s property market is underpinned by a decades-long, continuing shortfall of housing supply. Combine this with significant regeneration projects in cities like Manchester and Liverpool and the capital growth prospects are superb, in addition to the yields. Kingsway Square in Liverpool is a great example of affordable buy to let investments starting at £99,000 with a guaranteed return on investment of 7%, a free furniture packs and legal services for buyers. Our Freehold terrace house investments in the North Easy of England start around £49,000 and offer a great monthly income of around 8 – 10% for our investors. If you would like to know more about us and our property investment offerings have a look at https://globalinvestsinc.com/uk-residential-property-investments/ and get in touch.