being a real estate investor in HK?

Question

I m new to here and I am from HK where has the most expensive real estate price in the world. I read lots of real estate books such as Brandon Turner's real estate investment and i found out i am fascinated by real estate.

However,the price of them are too high! Real estate creativity can make cash flow with the prerequisite of" buying a house is cheaper than renting one". In HK, down payment is at least $10000 USD and even i had and bought it by using loan, its difficult to make a positive cash flow. i found myself really hard to start my path in HK though i am still a 20 years university student.

Also, another concern of mine is that the real estate as i mentioned is too high, what if there had another financial tsunami and it would make me totally bankrupt?

Sorry for my bad English! I hope someone can teach me what to do! I am so hesitating that should i still aiming to be a real estate investor in HK! Thank you!!

Huong Luu · Answer

@Sky Kwan Depending on where you live, look into networking with other RE investors. There will be investors there who might be interested in investing in HK/investing outside of HK. This will help you improve your English and help you find creative ways for you to start. Good for you to make a post!

Hai Loc · Answer

Maybe it was easier when you started a long time ago when prices were relatively normal and you bought your own house built some equity and started that way..

It's not easy to start with no experience and no capital so you need to leverage other people's experience. Partner with a seasoned investor who is experienced and help raise capital for him.. or

Find high paying sales job to build the capital yourself..

Sky Kwan · Answer

@Scott Isbister thanks for your recommendation! But it seems not easy for me but i will try my best!!

Sky Kwan · Answer

@Hai Loc Thanks for you reply!!! May i ask you how you start your investment in these expensive cities such as Toronto? It will be very useful to me!!

Scott Isbister · Answer

Recommend adding value by helping someone that is already a professional in the business.  This way they will want to help you out and teach you.  Eg. offer to insist them: in marketing, answering phones, rehab, or anything that you are skilled at that might benefit them.   This way they have a vested interest in helping you learn the business.

Hai Loc · Answer

Sky I think you are missing a "0"   its $100,000 USD for a downpayment. I have seen prices in HK and its super high like 1500 USD per/sqft and upwards to 4000 USD per/sqft on exotic condos..

A lot of people from HK are buying pre construction condos in Toronto..

Its hard to cash flow in expensive cities as Toronto and Vancouver are the same in Canada