Mayfair Group
Global Investments – Local Reach
Mayfair Group has developed a unique and simple way for investors to capitalise on the Global Real Estate downturn.
We Specialise in hands free investments that can provide investors Gross Yields of up to 25% per Annum. Our Investment properties offer up to 50% equity from day one thus giving our investors strong return on investment.
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Points of Interest
Unemployment:
In the US at this moment, 12.5 million people are out of work. (In the period January to February 2009 alone, there were another 650,000 more people out of work) 8.6 million are working 3 and 4 day weeks.
The largest employer in the country at the moment is the Federal Government with 1.8 million employees across the States.
Mortgage Payments:
10 million people in America have negative equity on their houses. The value wiped off homes in the US in the past year is 2.4 trillion dollars.
Rentals:
There is currently a rental craze across the US with some people even renting their spare rooms out at $600 per month. In one such case, a woman rented out her living room at $475 per month.
Detroit:
$50 billion has been allocated for the energy programme. Chrysler have been handed $1 billion dollars and are asking for another $5 billion. General Motors have had $13.4 billion dollars and want another $16.6 million. Ford – two years ago had $7 billion. This brings the total handouts to the auto industry in Detroit to $43 billion.
With all of the handouts and propping-up needed to get the US back on track, it is expected that this programme will leave a budget deficit of $1.85 trillion.
Availability of foreclosure properties for investors: This will have a shorter window than first anticipated because of the plan to buy back toxic assets from the banks. At the very best, it could be 18 months but could easily be as short as 12 months.
Positive Spin-offs:
Boom in small community banks:
Small community banks are opening up across the US, doing booming business from clients taking out their money from large, well known banks. The mortgage rate was at 8% but it is understood there will be a new rate offering of 4.6% or thereabouts.
Management of Property:
The cost of the management of the property will be 10% per month of the value of the rent.
Repairs of Property:
The management company has a permanent maintenance team on call for any repairs for the cost of the parts only and a small fee for labour.
Insurance:
The first year insurance is included in the price. Insurance cover for a year would be approximately $700. Owner liable for this if a Section 8 tenant is in place or the tenant would be liable if not a Section 8 tenant. (A section 8 tenant is one that has 95% of his rent paid by the government.)