US dollar exchange rate now above 1.65 | This is the best time to exchange since the end of May

Anyone considering purchasing property in the US within the next 2 months, now is a good time to fix your rate.

The rate of exchange has risen to over 1.65, the highest since the end of May. On a typical cash purchase of around $42,000 this could save you over £750!

If you need some advice on your currency exchange, you can speak to our currency provider, Neil Hartley at Personal FX. +44 (0)20 7743 7073 or email Neil, NealHartley@personal-fx.co.uk

Good news for Florida home buyers as sales are up in 2nd quarter of 2011

Florida’s condo and house prices rose 1 percent in the 2nd quarter of 2011, a double increase compared to the same period last year according the stats from Florida Realtors.

52,451 homes were sold across the state, compared to 51,973 for same period the year before.

Statewide sales of existing condos in the second quarter rose 14 percent compared to the same period a year ago.

Investments

For investment properties, across the state home and condo sales in the second quarter also increased over 1Q 2011’s sales figures, according to Florida Realtors’ records. For 2Q 2011, statewide sales of existing homes rose 17.7 percent over the previous quarter’s activity; statewide existing condo sales increased 8.1 percent over the 1Q 2011 level.

What is Section 8? The USA Housing and Urban Development scheme

Listen to Mark and Darrick talk about the benefits of section 8 tenants and why landlords all over only want tenants on this program.

Detroit has become ground zero for foreclosures in the USA and the incredible value that property investors get in Detroit for overall yields when they invest in fully rehabbed, turn key rental property that has guaranteed rent coming in.

Listen to our Detroit partners Mark & Darrick talking about the unique opportunity that exists in Detroit right now.

Investing in Detroit is one of the most lucrative and profitable investment strategies in the world right now. With NET returns in excess of 13% on every deal, and low interest financing available for all our clients, there has never been a better time in any investment cycle – NOW is the time to invest.

What Type of Properties Should You Stay Away From?

Listen to Mark and Derrick talk about the kinds of properties you should NOT buy. Choose your areas carefully, know your property types, understand those that make popular rentals and have strong appreciation and resale appeal.

Investing in Detroit is one of the most lucrative and profitable investment strategies in the world right now. With NET returns in excess of 13% on every deal, and low interest financing available for all our clients, there has never been a better time in any investment cycle – NOW is the time to invest.

http://youtu.be/oun37BUwpIE