Choosing the Right Location
As the adage goes, location is key to what people are willing to pay (or not pay) for a property. Being near amenities, access to views, transportation, proximity to major metropolitan areas where workers commute, near bodies of water or parkland. All these contribute to the price one is willing to pay for a property. As such the price goes, so does the rental income. There is a direct relationship with paying a higher price for a property and being able to rent that property for above market rates.
The same goes for low cost properties in areas where there is little appetite to inhabit. There is a delicate mix to what one should be willing to pay to get the maximum return based on the location chosen. Having local knowledge is paramount to verifying location.Contact Us
Quality of Construction
Many vintage properties positioned in great locations, have good "bones" and require a freshening up which include, patchwork, fresh paint, modern lighting, and bringing certain components up to current codes. However, areas that are often missed are the mechanical such as air conditioning, water boiler and Heating, electrical wiring and plumbing. These are the items that one doesn’t necessarily see since they are underground, in the walls or hidden in the basement.
Standards have changed over time so increasing the number of outlets in the property will modernize it. This is a good example where the new codes require a minimum number of outlets per room because it alleviates the need for dangerous daisy chaining of extension cords. Even though not adding more outlets won’t usually pose any violations in a vintage property, the integrity of the cabling can.Contact Us
With volume purchasing we diversity thus lowering risk associated with any single investment. All the fund maintenance is handled internally and progress reports are presented quarterly. Cash flow is both reinvested and paid out to investors. We believe the income earned should be reinvested into more opportunities as they present themselves but it’s nice to receive a payout too.
As long as the US dollar trades at a premium to the Aussie dollar, we will maintain annual payments. I think all investors would agree that it’s futile to take a currency conversion hit if the Aussie dollar is uncharacteristically strong for a short period of time. If anything, this is when we would want new capital added to the fund.Contact Us
Real People, Real Investors
Listen to what our happy fund members say about us.
As a native of the USA, I hired the services of Tandem Uehling PropertyUSA when I decided to move to Australia and didn’t want to sell my property but rent it for cash flow instead. Greg has been instrumental in not only placing tenants, but also consistently keeping me up to date with video updates of the property. Greg was also able to refinance the mortgage after the GFC with an interest rate of 2.5%, this has substantially lowered my expense ratio. My trust in Greg has caused me to purchase additional property investments through Tandem Uehling PropertyUSA which is now generating an Internal Rate of Return (IRR) of 16%. Because I am so pleased with these returns, I have decided to purchase units in Greg’s PropertyUSA Fund that will allow me to take advantage of being in a pooled investment fund that will give me access to large scale property developments that I would normally not have access to. Not only will I be invested in high quality projects, but I will also be diversifying my investment across different sectors of the US real estate market which should ultimately lower my risk and lead to greater returns. I’m very excited to continue to see my money grow!
I became partners with Greg Uehling in 2010, in a company that allowed us to purchase income producing properties in different parts of the USA. Greg’s objective, as he told it to me, was to develop a portfolio of properties that would produce enough cash flow by the time he reached retirement age, so he could retire comfortably knowing that there was some US based income flowing each month. This dovetailed well with my objectives however, I was already 76 years old. I used my retirement account in conjunction with Greg’s free cash for us to develop a 50/50 ownership in a company with appropriate capital for use to own a few properties in Cleveland OH and Pittsburgh PA. Over six years on now and I can happily say that we are receiving net cash flow of over 10%. I’m equally excited that we are in a position to begin raising rents as well so this yield will only get better. It’s nice having that monthly cash flow providing me income whilst in retirement.