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Updated over 5 years ago,
Foriegn first time real estate investors
Hi everyone,
I'm from Israel and would like to start investing in US single family homes.
From what I understand, after preliminary research, is that the "lease option" strategy can be a good way to start.
Also I'm thinking about Buffalo, NY as the location to focus on (at least at the beginning) as it has a relatively low price-to-rent ratio and frequently flying there from Israel would probably be easier than to farther states.
I'd love to hear your advice on:
- what should be my first steps as a foreign investor?
- What additional considerations should I take as a foreigner?
- What is your opinion on the overall strategy I've outlined here?
- Who are some trustworthy advisors/professionals I can hire in order to do this right?
- Anything else that you believe can be of value?
Thank you in advance for all the help!