Should i et into real estate?

[James Taylor]

So i live in Norway and want to get into real eatate in the US. After my reaserch i feel that investing is better in the US as the average property in Norway are twice as expensive as in the US.

Is it possible to get a loan in the US for flipping houses?

[Morgan Nilsen]

please forgive me if im out of line here, but it doesnt sound like you understand the implications this has in full.

Ill try to explain and you can see if this makes sense. 

A little over a year ago, 1 dollar cost 6kr. Today its 8.3kr gor the same dollar. That is an increase of 38%. Which is substantial. Anything you want to buy with kroner that is asking for dollars is now 38% more expensive. And thats not even calculating the exchange rates banks will charge you on top of this.

Now thats comparing spring last year with summer this year.

Suppose, we try to look forward a few years. Lets say 3 in this example. You bring your mothers $100,000 over to USA at a cost of kr 830,000. Suppose you make $50,000 which is more like $20,000 after taxes and all expenses in those 3 years. In the same time frame, the dollar has gone down to 7kr. And suppose you wanted to bring your money back to Norway at that time. $120,000 is worth kr 840,000kr if the Dollar is worth 7kr.

So 3 years down the line, all that work, all that risk... gets you kr 10,000....

Buying real estate in other currencies can be enormeously profitable if you buy when your currency is the strong one. Then you get an extra turbo. 

Suppose we flip the example. Lets say you started 3 years ago investing in USA. You have kr 830,000 that you changed into $138,000, at 6kr per dollar. Again you make $20,000 in 3 years. Now you got $158,000 that you buy Kr for at kr 8.3 per dollar. Thats kr1,311,400. A huge boost! Kr 481,400kr on $20,000... thats making the money work 3-4 times as hard. 

This post got pretty long but I hope it served as an eyeopener