New Member from South America

[Sergio Fogel]

Hi all,

I just joined BP, and so far have found it to be one of the most valuable resources in the field.

I am interested in investing in US real estate for income and diversification. My perspective is long term. I don't have any particular preference regarding geography, but I need investments that don't require my physical presence (i.e., I am ready to pay as long as someone takes care of renting, maintenance, etc).

Many Latin Americans are investing in Miami, where many companies offer the full service, but I see that the prices have already skyrocketed there.

I would very much appreciate tips from the community.

[Rich Weese]

Sergio,

I would urge you to be very careful investing from long distance. I'm afraid that there would be more people trying to separate you from your money than to help it grow for you.. This comes after 40 years of RE experience. I own property in FL and also Texas. I think I prefer the TX market. Huge state with different median priced homes in different parts of the State. Most areas are extremely oriented toward growth and many Hispanics and Latins buying there. I have many folks from Monterey, MX investing just across the border in So Tx and further northward. Good luck and be careful. I really think you could plan a trip to do your own research before throwing money around. Rich

p.s. I lived in So America for 2 years when young and absolutely loved it!