There are a couple of issues you may need to consider.
One, if you don't have an American Visa, our lending institutions would consider you a non-resident foreign national. The available financing for that group has gotten very small. The last non-resident foreign national I helped to buy income property here in Tucson had to put down 30% in order to get a loan here. The last time I checked, I only found 2 sources of lending that would still finance non-resident foreign nationals. I'd be happy to put you in touch with those people.
My last 4plex buyer had to put down 25%, even as a citizen. Expect to put down a significant down payment.
There are several 4-plex properties available - if you're having to put down 30-40% to purchase them, then there is a greater chance that they will cash flow. Best person to ask would be a property manager, who knows what a unit might rent for, and can help you forecast potential income. I have several people who can help you with that as well.
On an unrelated note, I vacationed in New Zealand last year - that's such a beautiful place!
Hi Kelley, I'm an American Citizen living abroad.
I have research the subject and find that properties up to 4 unit ar still regarded as residential and residential rates will apply.
any comment with regard to the locations ? I was thinking in general Central area- 857119, 85716, 85712, 85711,85711.
S.B Thanks, I agree it is all about buying the right property at the right price.
I'm aiming for minimum 25% Cash on cash return and it lookslike it is achievable.
there are fue things that I need to get use to regard buying in the US like Property Tax and , your Closing fee 3%+- in NZ it is around $600-$1200NZD