The prospects offered by the U.S. housing market
As we have seen in recent weeks, given the continuing high interest rates that keep many potential buyers and investors still, the one in the real estate market – at the moment – is probably the best investment 2024 (In case you missed our analysis, please read our guide to the Investment 2024).
At this point it is fair to ask where to make these real estate investments? In which housing markets? In what areas? With what kinds of properties? Expecting what returns? More importantly, how?
Where to find the best real estate investments 2024
Due to the current economic climate, the U.S. real estate market is among the most attractive, particularly for foreign investors. Making it so are:
- the temporary weakness of the dollar, which offers the investor-through the exchange rate and for the same expense-a higher nominal value in terms of both purchase and annuity, a value that is bound to appreciate over time
- Still very high mortgage rates – well above 7 percent – that keep out of the market all those who need to use financing to make a real estate purchase
- Laws that favor the landlord (over, for example, the delinquent tenant) and the presence of a developed property management industry with many specialized companies that fully replace landlord operations
The combination of these 3 elements makes an investment in the U.S. real estate market extremely worthwhile. Now let’s specifically understand which are the best states, the best cities and the best types of real estate to focus on.
The best housing markets in the United States
Investing in Florida has always been the preferred choice of real estate investors, especially for foreign investors. Locations such as Tampa, New Port Richey, Port Charlotte, Mount Dora, Jacksonville in addition to Orlando-beyond the tourist flows-attract the most affluent U.S. citizens, both retirees and those who work 100 percent remotely. Although the Sunshine State is the first one these kinds of investors think of, it is still possible to earn rental yields of more than 6 percent net annually in these locations.
Targeting Pennsylvania and, in particular, investing in Philadelphiaturns out to be particularly attractive for those investors who wish to combine stable real estate values and high yields. The price of a 3-bedroom property — intended, therefore, for a family — ranges from $105,000 to $125,000 and offers yields from 7.29 percent to 8.27 percent net annually.
In Maryland – for those who wish to invest in Baltimore– the value of a similar property ranges from $130,000 to $160,000 and offers returns ranging from 7.78 percent to 8.87 percent net annually.
How to make real estate investments in the United States in 2024
Today, all transactions related to real estate investment can be carried out remotely, therefore, a foreign investor-with no need to travel to the United States and, even, without knowing how to speak English-can do everything from the comfort of his or her couch at home.
All management can be delegated to a property manager company: from tenant search to selection based on creditworthiness, from constant monitoring of the state of the property to coordination of any technical interventions, from payment of utilities by the landlord to rent collection.
Within this framework, a reality such as Opisas – operational from 2008 and today a leader in high-yield real estate investments – offers a 360-degree support for investors: from the Advice on finding properties in line with the needs and goals at the tax advice to optimize the investment fiscally, from legal advice to finding the best property management company, everything but really everything needed including theexit strategy to sell the property. The entire service is carried out by consultants who have in-depth knowledge of the U.S. real estate market.
Because of its business model, Opisas buys a whole series of properties in the same area en bloc, renovates them all together to get economies of scale on this sensitive issue as well, li rents before selling them to investors, and while Opisas does not participate directly in public works, it does identify and select areas that have urban improvement projects. In this context, high-yield real estate investment specialists indirectly collaborate on gentrification initiatives in the area. This approach aims to attract better and better and increasingly high-spending tenants.
Make your 2024 real estate investments with Opisas
If you want to learn more about high-yield real estate investments you can make in the U.S. market, write to contact@opisas.com to make an appointment with an advisor who speaks your language.
