Things to check before investing in the US
So you have decided to purchase an investment property in the US? Before you invest, check the following:
1. Examine carefully the value of the investment (the cost of purchasing the property and all related expenses) against similar properties sold in the area. There are a variety of tools to assist.
2. Are you really aware to all the expenses and income potential? Renovation, closing costs, property management, property tax, income tax (Israeli and US), Vacancy Rate (how long is the property vacant on average per year), property insurance and the various fees. all expenses and income potential should be made transparent to the investor.
All-inclusive deal should turn on a warning light.
3. Have you thoroughly checked the location? There are many tools to assist you you in investing in the prime location. It is important to check the level of crime in the area, demographics, the quality of the schools and more …
4. Who are your professionals? Do not compromise on reliability or quality of the US accountant, the local insurance agent, the renovators. TLS FL Homes provides you with these highly skilled professionals.
5. Who is the title company through which you will transfer the funds? TLS FL Homes cooperate with one Title company exclusively in order to protect you, our valued investor during the transaction.
6. The property must undergo an inspection that includes, among other things: inspection of electricity and water infrastructure, inspection of the integrity of the roof and maintenance of the building. This inspection is crucial in order to ensure the good condition of the property. The inspection must be performed by a certified professional and a formal report will be issued thereafter including inspector certification details.
7. Is the cost of the renovation exposed? Renovation of the property if necessary will be approved by the investor in accordance with the quotations received. Again, an all-inclusive deal should light a warning light. The renovation report must be detailed with a price next to each subject and pricing.
TLS has been mentoring investors in the US since 2013.
We advocate full transparency, close monitoring and disclosure of all data to the investor.
We believe that every investor has their own needs and each transaction is managed personally and meticulously.
Sagiv Kronenblat
TLS FL HOMES
WWW.TLSFLHOMES.COM
Sagiv@Tlsflhomes.com