2017 – AN INCREDIBLE YEAR FOR GLOBAL INVESTMENTS
“ As 2017 draws to an end I would like to take this opportunity to thank all of our investors around the world who have chosen to invest with Global Investments Incorporated.
2017 has been our most successful year to date with over 500 USA property sales with Detroit leading the way taking up 63 percent of total sales for the year. Even with the higher prices and low supply of good tenanted homes investors are still choosing Detroit over other cities making it the number one investment city in the US for three consecutive years now.
This year we have also seen a massive increase in demand for Ohio tenanted properties, in cities like Toledo and Cleveland.
Toledo Ohio in particular seen a huge increase in sales as investors demand for Section 8 housing reached new levels, Section 8 Government backed rents were seen as a stable and consistent source of income for many investors.
I have to say from a company perspective Toledo Ohio is our easiest product to manage and in my opinion the best option for any first time investor. Not only are the houses Section 8 approved and tenanted but the properties are refurbished and are very well located and offer net returns of up to 20% and above.
Cleveland Ohio was only launched in the last quarter of 2017 and it has already shown to be a very popular choice for investors, most properties selling within hours of being put on the market.
I really feel that Ohio in general could have a huge year in 2018 and could even match or overtake Detroit in sales. On top of Cleveland we will also be looking at launching in the surrounding cities including areas like Dayton and Youngstown which will compliment our current stock in Cleveland and Toledo. We will endeavour to bring the same standard of turn key property and on the ground management in all of these new exciting areas.
Upstate New York also held its ground in 2017 where we seen a shift away from Buffalo towards Niagara Falls, this was due to the rising prices in the Buffalo housing market which reduced the CAP rates for our investors, Niagara was therefore seen as a more attractive option.
2017 was also a very important year for us from a management point of view, due to increased sales we had to expand our management base and develop new relationships in new cities across the US. We hand selected and interviewed the best management companies in each city in order for our investors properties to operate at the highest level. We are proud to announce our partnership with Keller Williams in Cleveland Ohio and expect a huge year in 2018 for the city.
As a company 2017 was an exceptional year and we expect 2018 to be even better with some new exciting products planned including our new UK division. Due to high demand from our overseas investors Global Investments Incorporated will launch their new UK division in Jan 2018.
Like in the US we will bringing you the best priced tenanted properties available in the UK today. All of our properties will come fully refurbished and will come with tenants in place. Our UK division will offer investors an all-encompassing service that incorporates sales, lettings and a range of property management services to maximise your UK buy to let investment.
I have spent the last 3 months meeting some suppliers of residential tenanted properties in the UK. We will start in the North of England and then branch out into the North West and South but we would expect to have our first properties on line around mid Jan 2018.
We are very excited about 2018 and we can not wait to start the new year at full speed but in the meantime I would like to wish you and your loved ones a very Happy Christmas and prosperous New Year. “
See you next year.
Mike Moodie CEO – Global Investments Incorporated.