Just to let you all know that we should have some excellent new deals coming by the end of the month - in New York State, USA. Fellow director Phillip Bueno and I will be flying out to New York State on the weekend and spending a week there to view some of the investment opportunities on offer. We have dozens of meetings with finders, brokers, lenders, solicitors and estate agents (or realtors as they are known in the States!) lined up to ensure we can bring back some packaged deals for our investors.Why are we checking out these deals in the New York?

• Excellent value - with 3 bed houses starting at just £15,000 / $30,000
• Phenomenal Yields - of 30% and more in some cases
• Established Economy and Legal System - America has one of the most established economies in the World. The legal system in place is also first-class to support foreign direct investment, with safeguards in place to protect investors and their investments.
• Great time to buy in the USA - with such a weak Dollar, there has not been a better time in years to be buying in the States. A rise in the value of the Dollar against the pound (as anticipated) will provide an instant return before any capital appreciation.
• Excellent Potential for Growth - The stock market always been the most popular investment vehicle with American investors, but as it has underperformed in recent years, people are looking for alternative investments. Buy-to-let fever has not yet hit the USA as it has the UK, but one thing is for certain, when it does, $30,000 houses with yields of + 30% are going to be in extremely high demand…!

From the initial research we have done, finance is the key to us being able to offer unique deals in this part of the Sates. Borrowing is not America’s favourite subject at the moment, and there are few lenders willing to lend on houses worth under $60,000 - something we find very strange in the case of the properties we are looking at with such phenomenal cash-flow. The lenders in the UK (who are predominantly adverse to sub-prime lending) would be encouraging buy-to-let investors to purchase these as the security on a property generating over a 30% return on initial investment is clear.

Will keep you all informed of the progress of our trip and hopefully have some excellent deals on offer in a few weeks time.

To pre-register your interest in New York buy-to-lets, is worth emailing Sales Director Elliot Roe at enquiries@buenoinvestments.com

Scott Goodall
Managing Director
scott.goodall@buenoinvestments.com