Hello everybody, My name is Franz and I'm from Iceland, I want to buy a single family house in Houston, TX for $200k, does anyone have any experience with foreigners buying real estate in the US? I realized that I would get more ROI through buying a single family house in Houston with cash than a single family in Iceland, similar houses in Iceland are going for $800k and you have to have a down payment of $325k and monthly payments of $2250 and rents for $2150 if I'm lucky.
@Franz Isak Bergmann Ingolfsson That’s crazy how much you have to put down in Iceland, I didn’t realize it was so high! Is this your first overseas investment property? are you looking to have the $200k be the overall costs or any additional financing?
@Andreis Bergeron somewhere around $200k in total max $225k, but it all depends on the amount of rent I get for an apartment and if I can increse the value of the apartment or not.