USA Smart Guide

Revealed…Three Profitable Investment Strategiesand…Four Exceptional Locations

Page 2-3 Why Invest in the USA?

Page 4-5 Three Profitable Investment Strategies

Page 6-7 Memphis, Tennessee

Page 8-9 Florida

0-11 Buffalo, New York

Page 12-13 Detroit, Michigan

Page 14 What Axis Offers Investors, What Next?

Page 15 Disclaimer and Legal Notices

USAProperty investment in the

Smart Guide

Contents

Axis USA Smart Guide by Rod Thomas, January 2010. [email protected]

Why Invest In The USA

It’s not the end of the story… rather the beginning. There’s more to discover and learn and Axis has further resources and information available. However, this Smart Guide should serve as a helpful starting point to decide if investing in US property is for you.

Why Is The USA Attractive To Property Investors?For many years the USA has been a major investment destination for British people. The majority of purchases have been holiday homes in familiar areas such as Florida. Now the investment possibilities have expanded, for reasons we explain.

Here are eight important reasons why the US should be high on your list of potential investment destinations:

Mature, First World marketInvestment risks in emerging markets like China or India are frankly enormous. In the US we have a mature, highly developed country with world class communications, finance and property sectors and a wonderfully entrepreneurial approach to business. Risks are minimised and opportunities are easier to see and benefit from.

LanguageAs an English speaking nation there is great comfort in easily understanding and communicating with everyone involved in property purchase and sales. This is an important benefit for investors.

LawsThe laws are clear and the rule of law is fully accepted. This is not necessarily true in less well developed countries where laws may not be enforced, or foreigners are disadvantaged. Registration of property is also effective and you can insure against defects in title.

Choosing to invest internationally is challenging. How to separate fact from hype? How to determine profitability? There are different taxes, laws and business processes to uncover and evaluate. To answer these questions and explain why Axis believes strongly in property investment in the USA we have written this introduction.

SizeThe USA is an enormous country. Ten million square kilometres with 307 million people, the third largest country in the world. It generates a GDP of $14 trillion, the highest in the world, representing 23% of the world’s wealth creation. It is also geographically diverse, from the tropical southern states to the frozen wastes of Alaska. The huge diversity of people and geography throws up a wide range of investment opportunities from inner city condo’s to holiday property to ranches in rural areas.

Easy to buy and sellThe laws and customs in place for property transactions make it easy to buy or sell quickly, often in one day. This opens up opportunities for profit in short timescales which are simply not possible in the UK and many other countries.

Easy to visit, either for holiday or businessMany of us visit the US for business or holiday. It’s easy. You don’t have to worry about the language, sanitation, quality of food or accommodation. Own US property and charge travelling expenses to visit your investment against your rental income!

Low taxes, with generous allowable expensesThe tax regime in the US is generous to business owners. Tax rates are lower and allowable expenses greater than the UK.

Risk/Reward profileConsider the points we’ve made and our conclusion is clear; the USA is a low risk country for property investors. Factor in the significant profit potential and you end up with the best kind of investment destination – low risk and high reward! That’s a rare combination and underlies our view that today the USA represents a rare opportunity for smart investors.

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Why Invest Now In The USA?We’ve explained the core reasons to invest in the USA but there’s more to the story. Timing is everything so let’s examine ‘Why Now?’

In our view the conditions today represent a ‘once in a generation’ opportunity for investors who want to earn cash fast, generate high levels of income or exceptional capital growth.

Market cycleThis graph reveals the market cycle in Florida, but reflects a similar picture to much of the US. Check the strong growth up to 2006 then a huge fall. Note these two points:

First, prices have roughly halved, which has changed the investment perspective completely. Property that was overpriced is now, in many areas, astonishingly cheap!

Secondly, the price crash is now levelling off and in some areas prices are already increasing. The timing is perfect for investors buying now as they invest at the bottom of the cycle with limited downside. As prices rise the ‘bottom of the market’ deals will vanish. There is a time limited opportunity to buy bargains!

ForeclosuresThe property crash happened because mortgages were given to sub-prime borrowers who couldn’t afford the repayments when interest rates rose. In 2008 alone, 3.2 million homeowners filed for foreclosure. These homes were repossessed by the lenders as the owners defaulted. These are now available to buyers (Axis clients!) at bargain prices. However, the stock of foreclosed homes is falling fast and when its finished this cheap property will no longer be available.

Government incentivesTo kick start the housing market the US Government introduced incentives for home buyers in early 2009. These include first time buyer tax credits up to $8,000 and Government guarantees for loans to low income families. These incentives are scheduled to finish at Easter 2010, but may be extended. Demand has increased and the housing cycle has regained momentum as a result of these incentives.

High YieldsFor five years Axis stayed out of the US market. The high prices meant that rental yields were poor and prices, in our view, overinflated. Now that prices are dramatically lower our view has changed. Rental yields have typically doubled and investors can expect positive cash flow. In some places we offer extremely high rental yields of up to 20% net due to local factors on top of the general market situation.

Exchange rateFrom 1960 onwards the UK/US exchange rate has fallen in every decade, with the single exception of the one ending in 2010! It’s difficult to be sure about the future, but our guess is that the downward pressure on the £ will resume sometime in the next few years.

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If that happens, today is a great time to invest. Why? Because historically the rate is higher than 2000 and likely to fall, which will benefit UK investors who invest now.

Local FactorsThe US is so large that there are many regional variations in opportunities for profitable investment. We’ve located areas that offer above average profit due to the local situation. Each of our locations has its own story which offers investors superb returns for a limited time!


Three Profitable Investment StrategiesSuccessful property investment can only be measured in terms of profit; short, medium or long term. Axis has simplified and clarified the investment options and offers three powerful strategies.

These three strategies for success will help to define the way that you build your property portfolio. Sometimes two strategies will combine in one investment - a double whammy! Evidence shows that making the right investments in the USA now offers investors extremely high returns across all three strategies.

It is important for investors to understand that ALL Axis strategies have been designed as hands-off, ‘armchair’ investments for busy people. There is no need to get involved in purchase, renovation or management of the properties, or to visit the US either prior to purchase or after acquisition.

Every part of the process is taken care of on your behalf. Read more about what Axis does on your behalf on Page 14.

Strategy One: Rapid Cash ProfitsWhat is Rapid Cash Profits?Rapid Cash Profits delivers what it says on the tin. Short term cash profits, no long term commitment.

Target Numbers

20% return on investment in 90-150 days. That’s pretty astonishing and ideal for investors looking to increase their cash quickly.

As an example, a £50,000 investment could return £10,000 profit in 90-120 days. Realistically, investors could complete three projects in a 12 month period and make 60% return on investment. We think that’s exceptional.

How Do Investors Achieve This ROI? Buy and sell property quickly. This is called ‘flipping’ and the Axis strategy is to buy, refurbish and sell. Here’s the plan:

l Find a country where it is easy to buy and sell quickly

l Find a location where you can buy cheaply, below market value. Foreclosures in the US are perfect

l Refurbish quickly, typically in 15-30 days!

l Resell fast into the local market at a profitable price

LocationOur chosen location is Memphis, Tennessee, where we deliver the Rapid Cash Profits strategy.

Want to know more? Download the Memphis Smart Guide; www.axispropertyinvestment.com/resources/memphis-smart-guide.pdf

Call the USA Property Hotline on 0333 444 1440 or email [email protected]

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Strategy Two: Accelerated Capital GrowthWhat is Accelerated Capital Growth?It means finding ways to achieve far better-than-average capital growth.

Target Numbers

300% return on investment in 3-5 years.Some Axis investment deals offer far more than this – up to 700% return over a five year period.

As an example, a return of 500% over 5 years would turn £10,000 into £50,000.

Axis techniques typically deliver growth 10 times greater than ‘standard’ property investments.

How Do Investors Achieve This ROI?To achieve Accelerated Capital Growth you have to do things differently, the ‘Axis way’.

l Find and negotiate exceptionally low prices - buying at wholesale price through Axis at 25%-65% below market value

l Pick the bottom of the market

l Invest in locations that have fallen further and have greater recovery potential than average

l Finance with other people’s money (wherever possible)

l Wait for time to deliver the anticipated growth, typically a 3-5 year period

LocationThe best place we know to benefit from Accelerated Capital Growth? Florida.

Want to know more? Download the Florida Smart Guide; www.axispropertyinvestment.com/resources/florida-smart-guide.pdf


Strategy Three: Robust Cash FlowWhat is Robust Cash Flow?Earning significantly above average annual income from your investment property. It must be sustainable for many years.

Target Numbers

15% pa net income after all costs excluding finance. Axis has locations that can deliver up to 20% net income pa in solid, reliable US locations. Compare this to UK investment property where you would be doing well to achieve 5% net income – Robust Cash Flow is 300% to 400% better!

How Do Investors Achieve This ROI?The answer is in two parts.

Firstly, we find the right locations that for historical or current reasons offer a particular mix of property prices and rental values that can deliver this kind of return.

Then Axis puts together the entire end-to-end process in the USA and the UK. We arrange with our partners to find, negotiate prices, purchase, refurbish, tenant and manage the properties on your behalf.

How does this compare to standard investment made for cash flow?

Bank and savings accounts may offer 2-3% a year, so you could earn up to ten times more with our Robust Cash Flow investments!

Plus, of course, your property investments offers rental and capital growth – something that is rare in most savings accounts.

Finally, although the Axis Robust Cash Flow investments currently require a cash purchase, we anticipate that you can refinance them in future years and withdraw most or all of your capital. This provides great flexibility in managing your portfolio in the future.

LocationsWhere does Axis deliver Robust Cash Flow? Buffalo, New York, and Detroit, Michigan.

Want to know more?Download the Buffalo Smart Guide; www.axispropertyinvestment.com/resources/buffalo-smart-guide.pdf

Download the Detroit Smart Guide; www.axispropertyinvestment.com/resources/detroit-smart-guide.pdf


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Memphis, Tennessee

The Axis PropositionOur strategy in Memphis is

Rapid Cash Profits.Designed for investors with short term goals to generate a significant cash return on their investment.

Target Return on Investment

20% Profit on Investment in 90-150 days.How Is this Achieved?l Buying foreclosed housing that needs

refurbishment

l Completing the work quickly and efficiently

l Reselling into the local market with the support of US Government incentives

A complete ‘armchair investment’ with everything packaged and managed for Axis clients.

Property Investment In MemphisAlong with most of the USA, Memphis has been hit by the sub-prime mortgage crisis, the property crash and the following credit crunch. Right now there are a substantial number of properties that have been foreclosed and are bank owned. These cannot be purchased by end buyers because most of them require refurbishment and mortgages are only available once the work is completed. Also, most buyers want a nice property to move into and not a property needing renovation.

This provides an opportunity for Axis cash buyers to step in and purchase cheaply. After renovation and all costs investors can expect around a 20% return in 90-120 days. This is made possible by the easy buy/sell process in the USA and the efficiency of our operation.

After falling steadily for two years, prices have levelled off and this limits the downside for investors.

The number of foreclosures is reducing every month which limits the time that this profit can be achieved. As the number of foreclosures falls we anticipate a rise in prices, reducing the exceptional profit margins. Investors are advised to act quickly.

Axis has a full team of partners in Memphis who take care of everything from property selection, negotiation, purchase and refurbishment through to marketing and sales. It’s a total ‘hands-off’ package for our investor clients.

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Example Property Investment In Memphis

About MemphisMemphis City has 670,000 residents. It’s the 19th largest city in USA. Founded on the banks of the Mississippi River it has a humid, sub-tropical climate. Historically Memphis will be remembered as the centre for the American Civil Rights movement in the 1960’s, with the assassination of Martin Luther King in Memphis in 1964.

Music lovers around the world flock to Memphis as the roots of blues and rock n’ roll. It was the home of legendary artists BB King, Elvis Presley, Johnny Cash and many more.

From an economic perspective, Memphis is centrally located at the junction of the Mississippi River, many railroads and both north-south and east-west Interstates. Not surprisingly it has become one of the US’s largest distribution centres for all kinds of goods. Memphis has the world’s largest cargo airport and is the home of FedEx and other national distribution companies.

Memphis was ranked by Inc. magazine in the top eight metropolitan counties in the US for starting and growing a business.

Location 6450 Copperleaf

Location 1665 Paullus

Type

Type

3 bed, 2 bath detached

3 bed, 1 bath detached (�Note,�roof�will�be�replaced��in�a�weekend)

Purchase Price

Purchase Price

$50,000

$25,000

Resale at

Resale at

% ROI on total cost

% ROI on total cost

$90,000

$59,900

20%

19%

Profit after refurb,costs & fees

Profit after refurb,costs & fees

$12,700

$8,000

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Florida

The Axis PropositionOur strategy in Florida is

Accelerated Capital GrowthTarget Return on Investment

300% return in investment in 3-5 years. Some deals offer 700% ROI or more! This strategy is designed for investors seeking substantial medium term growth in capital.

How is this Achieved?Buying distressed property below market price and waiting for prices to recover. Part of the profit is locked in when buying, part comes from future growth as the market regains its strength.

Investment property is rented long term to American citizens, producing positive cash flow until its time to sell. Axis has a preference for long term rentals in demand as accommodation for working American families, not holiday property.

Property Investment in Florida Check the table on the right and observe the strong rise in prices up to 2006, followed by the price crash. Florida has seen some of the largest falls in pricing from the peak of 2006 - typically 50% across the state and more in some locations

Axis negotiates distressed sale prices with banks and developers short of cash, bringing you pricing typically 30% below today’s market value and 70% below peak pricing.

Prices are now levelling off and the amount of distressed stock is reducing. There is therefore a limited window to purchase at these heavily discounted prices.

We anticipate that prices will recover strongly over a 3-5 year period as supply dries up (builders have stopped building in Florida) and demand rises again as financing starts to flow.

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Example Property Investment In Florida

About FloridaNamed ‘The Sunshine State’ Florida has a sub-tropical climate that is tempered by being close to the sea. The state is home to 18m Americans, making it the 4th most populous state.

The great climate and relatively low cost of living ensures that Florida is a destination of choice for Americans relocating from colder, Northern states and historically has seen 3,000 people a week move to Florida, spurring a surge in home-building that abruptly ended with the recent property crash.

Florida is the world’s largest tourist destination with around 60m visitors a year to attractions such as Walt Disney World Resort, Sea World, Busch Gardens and the Florida Keys.

Main cities in Florida that are of interest to Axis as investment destinations are Orlando (250K), Miami (440K), Tampa (336K) and St Petersburg (250K).

Location Venetian Place, Orlando

Location Millstone Landing, Vero Beach

Type

Type

3 bed condo, refurbished & tenanted

Luxury new executive houses, 4 bedroom, 3 bathroom

Market Value

Prime Market Value

Other Benefits

$160,000

$600,000

Closing costs paid, first year property taxes paid

Investor Price

Today’s Market Value

Positive cash flow

Funding

$70,000

$410,000

$5,000 per year, until resold at a substantial profit!

100% funding. Zero cash to purchase, just £8,500 for fees and costs

Discount from Market Value

Investor Price

56%

$280,000

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Buffalo, Western New York

The Axis PropositionOur strategy in Buffalo is

Robust Cash FlowTarget Return on Investment

18-20% pa, net rental yield, after all costsThe strategy is designed for investors seeking excellent, reliable income right now, combined with modest growth.

How Is This Achieved?We buy distressed property, foreclosures and auction property at bargain prices. The property is renovated and then rented to local people. Properties in Buffalo purchased by our clients are already refurbished and tenanted and include a rental guarantee for the critical early months!

Our partners in Buffalo have been involved in investment property here for more than 20 years and have an unparalleled network to find cheap property, established refurbishment teams and a waiting list of tenants!

Property Investment in BuffaloThe story of Buffalo property is clearly illustrated in the table. You’ll see that the property crash has bypassed Buffalo with barely a ripple! In fact 2009 has seen increases in prices across all parts of Buffalo, typically around 10% whilst most other places in the US are still fighting the downturn.

Add this to the fact that our US partners have been buying and investing in Buffalo for 20 years and you get an indication of the stability of the market. That’s great for investors looking for long term, safe income.

Prices for Buffalo property are trending upwards after years with little movement. A typical investment property in Buffalo costs $30,000 (£18,000) fully refurbished and tenanted, so you can see that Buffalo prices have to rise a long way before they get to be ‘expensive’, or even close to the national average.

Our view is that investors in Buffalo get the best of both worlds – extremely high rental income, combined with long-term reasonable growth.

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Examples of Investment Property In Buffalo

About BuffaloBuffalo is the second largest city in New York state with a population of 300,000, second only to New York city.

With the opening of the Erie Canal in 1825 and its position as a railroad terminus Buffalo became the 8th largest city in the country with the world’s largest plant for making steel.

In the early 20th Century the St Lawrence seaway re-routed freight traffic bound for the ocean from the Great Lakes, bypassing Buffalo. The city fell into a slow decline. The population fell substantially but this trend has now stabilised.

In the winter Buffalo frequently has snow from December to March, often accentuated by the ‘lake effect’, but its summers are the sunniest and driest of any city in the NE of the USA.

The median income of $25,000 is around half the average for the US. Buffalo, therefore, has low property prices and many residents have historically rented property – either because they can’t or don’t want to own a house. This underpins the ongoing demand for property rentals.

Unemployment is falling and many new jobs in the health and educational sectors have been created, 30,000 alone in 2006.

Buffalo is renowned for its architecture – all the major American architects of the 18th and 19th Century built masterpieces in Buffalo. 80 sites are listed on the National Register of Historic Places. This includes many properties by Frank Lloyd Wright among others.

Typical Three Bedroom Timber Frame House

Investor Price $30,000

Rent

Estimate Costs

Net rental yield

$800 pm / $9,600 pa

$3,300

21%

Gross rental yield

Net profit

32%

$6,300

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Detroit, Michigan

The Axis PropositionOur strategy in Detroit is

Robust Cash FlowTarget Return On Investment

15-18% pa, net rental yield, after all costsThe strategy is designed for investors seeking reliable income today, combined with growth driven by recovery in the future.

How Is This Achieved?We purchase foreclosed property, extensively refurbish and then rent predominantly to Section 8 government approved and supported tenants.

Our US partners have more than 30 years experience in rentals and strong relationships with City Hall which means that they can get property taxes reduced for investors, resulting in above average rental yields due to substantially lower costs.

Property Investment in DetroitDetroit has been a city in crisis for the last couple of years, reflected in the home price chart. As the home of General Motors, Detroit has suffered hugely with the housing crash, the credit crunch and the problems in the car industry.

These problems have led to a huge number of foreclosed property, combined with many people leaving the city.

As you might expect these problems were worse in low cost neighbourhoods and it is critical that investors in Detroit only buy in specific pockets where strong communities still exist and housing is in good shape.

These significant problems throw up big opportunities for investors which is why we recommend investing in Detroit.

We offer investors substantial brick built, single family homes, fully refurbished and tenanted for around $45,000 (£27,000). This is around 70% below peak pricing and 35% below current market value.

With an excellent net rental yield, special dispensation on property tax and the prospect of good capital growth as the city recovers, Detroit offers, in our view, an excellent investment opportunity.

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Example Investment Property In Detroit

About DetroitThe home of Motown and the big three motor companies, Ford, General Motors and Chrysler, Detroit is famous for many reasons.

Despite losing population in the last couple of years, Detroit is still the US 11th most populous city with 920,000 residents, and 4.4m in the wider Metro Detroit area.

In the early 1990’s the city began reinventing itself with the rebuilding of downtown Detroit, the opening of three new casinos, the establishment of the River Walk, the building of new stadiums for the Detroit Lions and Tigers and more.

In 2008 the City announced a $300m stimulus plan to create jobs and revitalise neighbourhoods. This has been supported by private organisations who have added further funding.

In August 2009 the US Government gave the Detroit auto-industry grants of $1.36 billion to manufacture lithium-ion batteries and 2010 is expected to see the debut of GM’s first electric car, manufactured in Detroit.

Detroit has experienced huge problems in the last few years but has clearly begun the fight back.

Typical Three Bedroom Brick Frame House

Investor Price $45,000

Rent

Estimate Costs

Net rental yield

$800 pm / $9,600 pa

$2,500

15.77%

Gross rental yield

Net profit

$9,600 21.33%

$7,100

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What Axis Offers Our Investor ClientsIf you are new to Axis, it may be helpful to explain what we do for our investor clients and how they benefit by investing through us. We:

l Provide a Five Star Guarantee to investors, offering security and guaranteed performance for rental property. More information at www.axispropertyinvestment.com/five-star-guarantee

l Extensively research many locations to find the pockets that provide the biggest returns. This includes personal visits by senior Axis staff to our investment destinations.

l Find local partners, experts in their marketplace, who will souce properties according to our criteria and then take full responsibility for the United States end of our operations

l Develop an end-to-end property selection and buying process that is easy, comprehensive and workable

l Put in place all the professionals you need to conclude a transaction, including Lawyers and Realtors

l Negotiate the very best deal possible for Axis clients - this is critical and is only possible because of the scale of our operations. We negotiate every aspect including; price, terms, local tax payments, rental guarantees, financing, security for investors and more

l Complete due diligence at the appropriate level on every deal

l Reject most deals offered to us. It’s the time we take to consider deals that don’t stack up, that makes the deals we do offer exceptional!

l Prepare a detailed Decision Pack on each property, frequently including presentations through video and webinars

l Look for the best way to gain maximum leverage through finance, either at the time of purchase or later as a re-finance package

l Hold Axis fees in a separate client account until specified performance criteria are met

l Provide full support throughout the transaction including your own Portfolio Manager and the Axis Completions Service

What Next?To consider any of these investments in more detail, here are three options which clients find very helpful.

Ready to purchase or specific questions?l Call our USA Property Hotline on

0333 444 1440 and talk to an Axis Portfolio Manager with special knowledge of our US Properties.

l Email [email protected]

Want more background information?l Download the Smart Guides listed in this brochure or

visit www.axispropertyinvestment.com/smart-guides

l Learn more on the web at www.axispropertyinvestment.com/learn-usa-property-investment

l Check out specific deals currently availablewww.axispropertyinvestment.com/usa-investment-property

Learn More About USA Property InvestmentAdditional information on the USA. Note that we do not endorse these sites or necessarily agree with their contents (except our own website of course!) www.axispropertyinvestment.com/usa-property-investment

Learn about US Business taxes and the treatment of non-residents with businesses in the USA. www.irs.gov

Superb property site with a huge amount of data on all locations www.zillow.com

Extra general information about investing in the USA http://www.globalpropertyguide.com/North-America/United-States

Comprehensive Government portal about Florida www.myflorida.com

Official Site For the City of Detroit www.ci.detroit.mi.us

Official Site for the City of Buffalo www.ci.buffali.ny.us

Official Site for the City of Memphis www.cityofmemphis.org

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Disclaimer and Legal NoticesLegal DisclaimerThis presentation is subject to the terms and conditions of Actium Property Ltd, contained in the Client Engagement Contract which all clients are required to read and sign prior to entering into any business with Actium Property Ltd.

The Client Engagement Contract contains disclaimers and restriction of warranties that apply to all property investment opportunities offered by Actium Property Ltd.

This document is not an offer to solicit investment, but a presentation of information about property investment in the USA that expresses the opinions of Actium Property Ltd at the date of publication. Actium Property Ltd does not provide financial or investment advice in relation to whether any location or property is suitable or appropriate for any particular investor. We strongly recommend that you take appropriate professional advice before entering into any contract to purchase property of any description.

To the fullest extent permitted by law, Actium Property Ltd disclaims any responsibility for the accuracy of information contained herein which by necessity has depended on third party information. Opinions expressed by Actium Property Ltd are generic and not intended to supplant appropriate professional advice which should be taken by any investor prior to investing in any property in the USA and/or incurring costs in visiting the USA prior to any potential purchase.

Misrepresentation Act 1967 NoticeActium Property Ltd hereby gives notice that: 1) We have prepared this information as a general guide and it does not constitute any part of an offer or a contract. 2) All descriptions, dimensions, reference to condition, necessary permissions for use in occupation are made without responsibility on the part of Actium Property Ltd. 3) None of the statements contained in this document are to be relied on as statements of representations of fact. 4) We have not carried out a survey nor tested the service, appliances or specific fittings. Room sizes should not be relied upon for carpets and furnishings and any intending purchaser or lessee must satisfy themselves by inspection or otherwise as to the correctness of these particulars. 5) Actium Property Ltd does not make or give nor any persons in their employment any authority to make or give any representation or warranty whatsoever in relation to this

information. 6) If there are any important matters which are likely to affect your decision to buy or rent, please contact us before viewing any property. 7) No liability is accepted for any travelling or other expenditure incurred, including legal costs by prospective Purchasers in viewing any property or making further enquiries, for property that may have been sold, let or withdrawn or is subsequently let or sold to a third party.

© Copyright Notice Warning 2010This brochure comprises and contains copyrighted materials.

YOU MAY NOT DISTRIBUTE, COPY, PUBLISH OR USE THE TEXT OR IMAGES OR ANY PART OF THE TEXT OR IMAGES IN ANY WAY WITHOUT EXPRESS PERMISSION OF THE COPYRIGHT HOLDER. YOU MAY NOT ALTER OR MANIPULATE ANY PART OF THE TEXT OR IMAGES WITHOUT PRIOR WRITTEN CONSENT.

Copyright for all images remains with Actium Property Ltd.All enquiries regarding use of and purchasing prints and image use rights must be directed to the Copyright holder.

All rights reserved worldwide. All images included herein this publication are the copyright and property of Actium Property Ltd. All images and text are copyright in accordance with the terms of the United Kingdom’s Copyright, Designs and Patent Act 1988, and are protected under the United Kingdom Copyright, Designs and Patent Act 1998, and international copyright laws and treaties. These laws impose substantial penalties for infringement, and violators will be prosecuted to the full extent of the law.

The use of any images or other materials included herein, in whole or in part, for any purpose other than for the private purpose of the user, including, but not limited to, copying, reproduction, publication (including on Internet Web Sites including third party web pages by any means, including “hotlinking”, storage in a retrieval system (other than internet browser), manipulation (digital or otherwise), or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, is expressly prohibited without the written permission of Actium Property Ltd. All artistic and moral rights of the author are hereby asserted.

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Actium Property Ltd, t/a Axis Property Investment

Gemini Business Centre, 136-140 Old Shoreham Road

HOVE, BN3 7BD, United Kingdom

Tel: 01273 447 300 Fax: 01273 203 073 Email: [email protected]

Web: www.axispropertyinvestment.com

USA Smart Guide

Real Estate

Transcript of USA Smart Guide