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Updated over 5 years ago,
Starting out as an overseas investor
Hi everyone,
I've been following the forums and podcast for a while, and now it's time for me to take it one step further :)
I do not live in the states, but as my home country has a really tough real estate market which requires a lot of capital and has really low yields, I want to invest in the US.
I currently have around ~250k and I want to start by purchasing a rental property to generate cash flow, then if it goes well slowly grow and add more units. I have a few questions:
1. As an oversea investor, who are the professionals I need to contact? A realtor, lawyer, accountant, management company? Where would be a good place to find them?
2. If I want my first unit to be around 80-100k, would you recommend buying it entirely with my capital or taking some amount of mortgage? And is it even possible for me to get a loan when I am not living in the US?
Thank you all in advance