A Chinese investor looks for real estate opportunity in the US

[Michael Wang]

Hello,

My name is Michael Wang and this is my second post here in Bigger Pockets. This goanna be a long one and thank you for everyone reading this and really appreciated.

Here is the background:

I am from China and currently live part time in China, part time in Toronto ( My family immigrated to Canada recently), and part time in the UK.

I am currently running a business from China to help Chinese investors invest in the UK student rental market. Since my family has moved to Toronto and I would like to explore the investment opportunities in the US (US produces a better ROI)

My goal:

My three year goal is to build up my portfolio in real estate and expand my network in the US by leveraging my access to Chinese investors.

My 5-10 year goal is to set up a PE fund specialized in real estate investing in the US and would like to get some hands-on experience on some development projects in the US.

My solution:

First, I need to identify a niche investment strategy that can maximize the return for every party involved in a sustainable and recession-proof way.

Second, I am able to invest and control remotely but eventually I would like to get some hands-on experiences as well.

Third, I need to find someone that I can trust and has a proven track record that can get things done on the ground. I want to develop a long term relationship that can creative mutual benefit.

I am currently analyzing three investment strategies but haven't decided which one to go for. I would really appreciated if you guys can offer me some advice and would also love to get connected with like-minded investors.

1. Flipping land: buy low sell high. I will not focus on door-to-door direct mailing, instead I will just buy directly from wholesalers, eBay and Craigslist and flip over to another investor at a discounted price, I am thinking about selling at somewhere between 80-90% of the market price (Well, I know it could be difficult to determine the market value for a parcel of land). I am currently targeting at cheap raw land in Texas, anything with 1-2 hour drive from city center.

This is more an active income I generate to pay my expenses.

2. Buy highly discounted house through foreclosures, Tax lien, tax deed, add value and rehab, sell and manage, This is where I can generate both active income and long term passive income

3. Buy discounted multi-family units and repeat the step 2.

I would like to start from something small for strategy 1 and 2 to test the water. I am a big fun of Texas and Florida, and have been looking into the market. I am also open to any other markets especially those states close to Toronto.

I understand that in order to create a successful investment business in the US, I need to build up a team on the ground. I will love to hear what you guys think and anyone who is interested in getting in touch, please just shoot me a message.

Many thanks,

Michael