OfflineLes Christie wrote an article for CNNMoney.com that highlights the advantage of working with foreign investors,more specifically Chinese buyers. I’ve worked with many foreign buyers and I’m always
encouraging other investors to tap into this market. Because the U.S. has so many cities with inexpensive properties and steady economies, foreign investors are flocking to the states
"As the Chinese economy continues to boom, Chinese are looking abroad to spend money on real estate.
New York and Los Angeles top the list of U.S. cities they are most interested in, according to Juwai.com, a website where Chinese buyers browse global real estate listings.
More surprisingly, Philadelphia and Detroit come in at No. 3 and No. 4.
The top 10 list is rounded out by Houston, Chicago, Las Vegas, Atlanta, San Diego and Memphis.
Chinese buyers purchased $8.2 billion worth of U.S. property in 2012, according to Juwai. It ranked cities by how many searches they attracted from Chinese house hunters.”
http://money.cnn.com/2013/12/04/real_estate/chinese-homebuyers/index.htm...
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Thank you for the insight! Are you a member of that site?
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Besides the Chinese, there are many investors from Germany and Australia that have considered the USA to be a good investment market. A lot of Australians were looking into Detroit as well. They also focused their attention on Atlanta, Georgia and Miami, Florida as these areas were hit hard in the foreclosure crisis.