Investing in Florida from outside US

[Alejandro Lisson Ramirez]

Hello,

I will like to start investing in Rental Real Estate mainly for cashflow. I am currently based in Colombia and have found some interesting deals in Florida so I am thinking on focusing in that area. Also, I am located in South America so it could be easier for me to go to Florida as it is closer.

I would like to know if there are other investors investing in Florida from abroad or other states. What approach are you using? Are you building your team or acquiring turnkey properties?

If you have acquired turnkey properties, which companies do you recommend to acquire turnkey properties?

If you have built your team, did you go to Florida to meet your team or did you talk to them over BP? I will appreciate any recommendation of real estate agents, property management companies, accountant, general contractors, insurance broker, mortgage brokers, etc.

Additionally, any information or recommendation will be highly appreciated as I am new to this.

Finally, I could also be opened to invest in other areas with good turnkey operations.

Thanks for sharing your experiences.

Alejandro 

[Sharad M.]

@Alejandro Lisson Ramirez I agree with @Engelo Rumora that it's very important to do due diligence on people you will be doing business with. Once you shortlist the areas you are interested in, fly down to those cities and meet the people and learn more about their business.

As for financing, it's extremely hard to get financing as a foreign national, but it's possible. I have a local bank that will look at lending to foreign national on local properties, so it's hard  but not impossible.