Overseas Investor - Multi-family in NH

[Peter Brooke]

Hi,

I am a dual Australian/US citizen. I am in the process of selling a house here in Sydney and with the proceeds of the sale, wish to buy a multi-family in NH (probably Manchester). The proceeds of the sale will allow me to buy the multi-family in cash. I am interested in a 4 to 5 unit multi-family that after expenses would net me a minimum of annually $30k and preferably around $40k.

As far as the buying process goes, I am unsure how to make this work logistically from here. It would be hard to make a decision on a purchase if I cannot physically view the property myself. 

Also having never owned a multi-family before, and as a loan does not enter into calculations, what are the income/expenses ratio numbers that I should be looking at in order to give the "green light" on any potential investment property?

[Matt Lefebvre]

Hey @Peter Brooke, welcome to BiggerPockets.  You definitely are in the right place to get some assistance buying a multifamily.  Although it will definitely be harder to make a decision on a house (if the pictures are non-existent of sub-par quality), you can still run a lot of the numbers or get someone to do it for you.  I work as a real estate agent specializing in small multifamily investments here in NH (Manchester is my main market area but I do cover outside of it).  I'll send you a PM because I'd love to go a little more in-depth about this.