Nigerian investors entering American property market

Jan. 3, 2013 - PRLog -- This is a pity. Foreign markets offer great opportunity and are often better structured than Nigeria’s.

Many Nigeria investors just don’t know about the American property market, which is the best foreign property opportunity of now. They don’t realise that property can be bought for half 2007 price and rental return can be 15% even after deductions for local management, taxes, and insurance. Or even higher (see below).

Property4peanuts.com is one of the longest established companies packaging foreclosed (Bank repossessed) homes in America. They have handled hundreds of sales and have successfully sold to Nigerians.

The company knows which properties offer the best mix of low price and good rental return, and good re-sale prospects. Not having this local knowledge could lead the investor to choose the wrong area or pay too much.

Many property4peanuts clients are making good money from their USA properties and they are set to make even more into 2013 as prices are likely to accelerate up. The company offers excellent support during the purchase process and is there into the future to assist their clients. Not surprisingly, many property4peanuts clients come back for more property after they have bought their first house.

Every aspect of buying and owning a house in America is explained. Property4peanuts only deals with trusted and reliable service providers in America, and they have had over 5 years working intensively in the market to develop a high level of expertise. The company is one that clients can trust to give accurate information and good support.

The reasons to invest in America now are very strong. Here are the main ones:

1. After a bad recession in American housing, the property market there is now bouncing back. It’s the perfect time to buy.

2. In most markets, when prices are very low, so too are rents. Not so in America! Rental demand is high and rents are growing.

3. Safe And solid legal system. Your property is conveyed through an independent and government registered “Title Company”, which is insured against error. The sale process is not legally handled by the agent; they only manage the process to make sure everything goes smoothly.

How to buy? Property4peanuts say that cash is king in this market as non residents can’t get mortgages (after, after receiving rent for some time, it may be possible to re-finance).

They strongly recommend using the services of an established and experienced agent such as themselves, who can provide a ready to rent property. This is not just self serving advice. The company has seen what can happen when a foreigner tries to do everything themselves:  find a property, hire an attorney, choose a Title company, find out about back taxes, assess what work needs doing on the property, try and find a reliable builder, then try and manage the project from Nigeria, and deal with the unforeseen events that nearly always happen.

Add on the extra flights, accommodation costs and the costs of getting any part of this long process wrong, and the go it alone buyer will find the whole business getting quite expensive and a source of worry.

Property4peanuts offer a ready to go rental property, with tenant in pace and paying from day 1. Most of their buyers don’t even visit America as they know the company has been selling solid property that is great value for money for years and trust their judgement. The company is also offering special property that can pay over 40% a year rental – surely a world beating return. Incredible but true. No wonder the company is selling such properties at a fast rate.

As so many investors, large and small, have entered the US property market over the past year of two, demand is starting to balance with supply of foreclosed homes. This means rising prices. Prospects for cashing out on an American property in a couple of years time at a fat profit are good. And in the meantime, take a hefty rent. Not a bad deal at all and if you want to join those profiting, contact Property4peanuts.com, who will assist you.