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Updated about 6 years ago on . Most recent reply

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Yosi Mizrachi
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Beginner here - what should be the first steps?

Yosi Mizrachi
Posted

I guess you see this kind of posts everyday so I'll try not to waste any of your time too much guys.

I'm Yosi, 31yo with ~190K$, no experience in real estate just yet but I'm keen on learning and I know this will be MY way of financial freedom.

To educate myself, I'm here reading your posts, reading the guides and listening to the podcasts but I still have zero experience in the field my self.

My goal/mission is to reach a net income of 3K$ in rental money. My vehicles for this goal will probably be - leveraging bank money to buy multi properties, like a multi-family house/apt, possibly more than 1 of those. The second vehicle will probably be a REIT since I don't think I can handle managing more properties (I have a 9-5, good income job).

An important detail is - I want to invest in other markets then my local market, so it will happen abroad, probably USA or Europe.

First, I would like to ask - assuming my goals above, do you think it's possible or am I way too optimistic?

Second - Going abroad, investing "remotely" what will be your first steps? Say you travel to that country, look around at a few assets - do you get a local lawyer? how are you familiarizing yourself with market? and laws and such...

I appreciate any feedback and hope I was to the point

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