Newbie with International Buyers

[Kelley Phan]

Hi BP Family, 

I am totally new to this, and kind of nervous, but I am wondering if I can get some expert advice from all of you awesome members. I currently own 0 properties and hope to have at least 6 deals under my belt by the end of next year. I have friends and their friends who want me to help them purchase some properties (single & multi-family units) in the states (a way for them to keep their assets safe and growing) and they would want me to manage those properties for them.

 We have been in the talks about this for over 2 months now and I have been gathering different ways and plans to go at this, like different loan types for foreign buyers and even me as a buyer of the homes (with their money as down payments) and do rent to own type deals, as in they basically rent until they own the whole thing. They even had discussions of just buying the home outright in cash. My Problem is that they are just taking so long to get things done. Some of them seem to be waiting on the other to make the first move. Some are tied up with their personal businesses but knows they need to do it soon. Some are unsure of the whole process but don't want to research themselves... 

I guess I am seeking help on how to get these investors moving forward and feeling comfortable and confident in the decision to purchase homes over here in the states. I know this is a huge purchase and step especially since they don't and won't be living in the states, but obviously, it will be worth wild for them and me. 

How can I get them to move forward? 

Thank you for all of your time! 

[Cassi Justiz]

Before you get too far into this, check what the property management guidelines are in your state. I know some states require a broker's license to be able to legally manage properties owned by other people. 

Also, if your buyers are taking a long time to make a decision they probably aren't very motivated. You may have to just go into real estate on your own and then once they see your success they may be more motivated to participate. Trying to motivate unmotivated buyers is a whole different discussion.