New investor from oversea, welcome for discussion here!

[David Ng]

Hi BP Community~

This is my first post here. I'm David who come from Hong Kong and would like to invest in real estate, and also here to learn and have discussion with you about the real estate. 

Just started to learn lots of knowledge about REI and my Strategy would be Buy and Hold. What's your advices to the out-of-state investor or even an oversea investor? Cause it's not possible for me to have a regular inspection of possible deals

I'm still at the Market Analysis process in order to select a market to start the very first step. After i've done some research looking at the population growth, job diversity, unemployment rate, etc... I'm thinking Plano, TX could be a good city to invest? Any thoughts? (Please definitely let me know if i'm wrong!)

I'm so new on REI but i definitely want to start to be an invester, so please feel free to comment and have a discussion with me. Thank you so much guys and take care!

David

[Nathan Gesner]

Welcome to the BiggerPockets forums!

I like Texas as an investment, but don't know anything specifically about Plano.

Dave Meyer has some good information about markets to invest in: https://www.biggerpockets.com/...

I recommend you read "Long-Distance Real Estate Investing" by David Greene. It has a lot of actionable information.

Since you aren't able to inspect the property in person, you probably want to stick to nicer investments in A or B class. Take advantage of video walk-throughs from the REALTOR, Property Manager, or o home inspector. Have at least two different people look at it for you to get different opinions.