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Updated over 4 years ago,
US real-estate investing for newbie investor from singapore
Hi everyone, I am an undergraduate student from Singapore and I am relatively new to real estate investing (I have only been reading real-estate/business books and listening to biggerpockets podcast for the past one month) and I would like to ask for your opinion on the feasibility of doing a long-distance real estate investing for a newbie's first property.
Initially, I am planning to obtain some experience by doing a few deals in Singapore first before doing long-distance real estate investing but after reading several forum posts in biggerpockets, I am a bit anxious about the prospect of doing real-estate investing in Singapore because of the high-market price of the property and the strict rulings revolving around the real-estate market. In terms of financing the deals, I am fully aware that there are lots of alternative to finance your deal such as by doing seller-financing, partnership, searching for hard-money lender etc but since I do not have any prior experience in real-estate, I am a bit unsure of how feasible these methods are practically (Partnership may be quite feasible but I rarely find any real-estate meetups in Singapore and even then, the number of attendees for the meetups are generally quite low making it quite hard to find a suitable mentor which can maybe perform a future partnership with me).
Consequently, I am currently seriously considering doing a long-distance real-estate investing in US but I am not sure that it will be feasible, especially considering the fact that I do not have prior experience in real-estate. In addition, I don't have any acquaintance in US too which can give me referrals to serve as basis to build my team on so that might be quite problematic too although technically, this can be solved by doing more networking in biggerpockets and asking for referrals from the large number of investors here. Nonetheless, I would still like to ask for your advice on this matter
(To be quite honest, I am interested in doing real-estate investing in US because of the ease of property analysis which can be conducted there with services such as rentometer, biggerpockets calculator etc in comparison to my home country, Indonesia, where apparently I need to do a direct survey of the location first to find out the details of the property and many important information is not available online)