Global Investments Incorporated have been selling in the USA buy to let market now for coming up to 4 years and have sold in the region of 3,500 homes in this time.
Most of the sales that Global have done would have been in areas like Detroit MI and Buffalo NY due to the low price point and the high returns that are produced in these areas.
Recently Global Investments have released new product in Toledo Ohio which has had a huge response from investors and with stock almost selling out in the first few weeks. We asked CEO Mike Moodie why he feels it has done so well. Mike was quoted in saying. “ Detroit will always do well due to the low entry level for our investors, but a lot of our clients are always looking for something that will diversify there portfolio hence we signed up a new agreement with a supplier of Section 8 homes in Toledo with great returns and fully refurbished. Our investors have really taken to the hands off Investment that this product offers. We had a strong feeling that this would do well but we did not expect to sell out in the first few weeks.”
Due to the success of there new Toledo product Global Investments have decided to release a brand new product in Florida. We asked Mike why they have never sold Florida before given the fact that it has some of the biggest demand with investors. Mike added. ” To be honest we thought that we had missed the boat with Florida in relation to investment. I actually lived in Orlando and was selling single family homes there for around the 50k USD mark with 20% net returns for investors, but to buy the same house now in 2016 will probably cost the investor around the 100k mark with 10% max returns which is just not attractive enough for our clients.
However Global Investments are excited to announce the pre-launch of the new Jacksonville product in Florida. Mike believes that this will rival areas like Detroit, up state NY and Toledo in terms of price and yield. “ We are extremely excited about or new product in Jacksonville, in my opinion its like turning the clock back 5 years and being able to go and buy homes at the prices 5 years ago. All of the homes that we have will be fully refurbished and come with good tenants in place for around the 40k USD mark with returns up to 20%, very similar to the prices in Orlando 5 years ago. A lot of the homes that we will sell will also be Section 8 approved similar to our stock in Toledo which again will give a very hands off investment for the investor. “
Mike also mentioned that stock is limited at the moment due to high demand but they will be releasing some of their new stock over the coming weeks, it really does sound like every investors dream.
If you would like more information about this new Florida product or any of the other products that Global Investments Incorporated offer, please contact Mike direct at mike@globalinvestmentsincorportaed.com and we can get one of our investment specialists to get in touch.
