New Member from Kenya

[Titus Syengo]

I am based in Nairobi, Kenya, where I have made investments in three apartments, which in the US are commonly referred to as Condos. In Kenya, while property returns can be lucrative if chosen wisely, the cost of mortgage interest rates exceeds 14%, making it nearly impossible to accumulate equity through traditional OPM.

Considering this financial landscape, I am contemplating the use of an LLC to invest in the United States or Canada for my next properties. It appears that I may initially need to purchase properties with cash as getting financing without a track record and credit history sounds like a big issue here.

My journey into property investment began at the age of 45 when I realized I had insufficient savings for retirement. At age 36, I started reading the books by Robert Kiyosaki, particularly 'Rich Dad, Poor Dad,' which didn't fully resonate with me until I turned 45. In addition to that, I have been avidly following the BiggerPockets podcasts, from which I've gained invaluable insights and wisdom. 

Please ignore my location as shown: Calgary. It is because I could not figure out how to include a city outside of the US and Canada.

Titus