Bonnie Wu: How to Turn HK$800,000 into a 12% ROI Through US Real Estate
As the purchasing power of the Hong Kong dollar continues to decline, more and more Hong Kong investors are beginning to look for overseas real estate as a way to preserve and increase the value of their assets. The United States has become a popular choice with its sound legal system, relatively high rental returns and strong second-hand housing market. So, how can you invest in real estate in the United States with only HK$800,000 and achieve an annualized return on investment of 12%? This article will provide you with a detailed analysis. 1. Investment Positioning HK$800,000 is approximately equal to US$100,000, which makes it virtually impossible to purchase a home in first-tier U.S. cities such as New York or Los Angeles. However, you can still find single-family homes or small condos priced between $50,000 and $100,000 in the Midwest and South. You can: • Buy a low-priced property with full payment and save on loan interest • With a down payment of $30,000 to ...