Looking to buy my first property, need advice

[Vivan Bhalla]

Hi,

I am an immigrant living in the US on work visa, I am thinking of buying an investment property soon. I have two options, one is to buy a commercial property in India or other is to get some residential property in USA. My goal is to create passive income through these properties and hold them for atleast 10 years. I currently live in the bay area and I know that it is very difficult to get positive cash flow here, the only way to play here is to ride the appreciation game. I am not sure about going out of state because since this is the first time I am investing and I am not sure how I will be able to handle it.

Now, I would need inputs from people on what should be my deciding factors. What metrics should I use to get to a decision? I appreciate all the help and also let me know if you have any questions.

Thanks

[Bryan Blankenship]

@Vivan Bhalla Hello, sir! You have quite a few options. If you're looking to invest within the US, but out of California, you can go the route of Turnkey investing. There are some really great markets for that in the MidWest and SouthEast, and they handle everything for you so you just get that passive cashflow you mentioned. It's a buy-and-hold method that works beautifully.

If you decide to go that route, though, do a TON of research ask a lot of questions up front! You'll need to know about their entire process, their property management, and all of their responsibilities and fees before making a commitment. Some people even fly/drive out to meet the people they're considering investing with and taking a tour of the area to get comfortable with it. You need to be able to get to know and trust your people on the ground, regardless of who you end up with. 

Best of luck to you! :)