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Updated over 7 years ago on . Most recent reply
Newbie from abroad (Seoul) looking into Seattle
Hi BP community!
I go by SJ and I currently live and work in Seoul. I studied abroad in the States for high school and college, then moved back home 10 years ago. I started taking interest in real estate investing now that I have some savings and I want to diversify my portfolio. I was introduced to BP through the Seoul REI Meetup organizer to get started.
I'm more interested in investing in the States than Korea because my goal is to generate cash flow, and Korea's not the best market for that strategy (pm me if you're curious why - I have a theory!). I intended my first investment to be in Seattle, but I'm aware Seattle is not the easiest place to find a good deal so I'm pretty open to options but still finding it difficult to narrow down my search from so far away! I would love to network with other foreign investors or those who managed to find a deal in the States from abroad to hear about their experiences.
While I don't yet have much to offer as a newbie, I did want to share a simple glossary of abbreviations and terminology that I came across in BP's Ultimate Beginner's Guide, which includes what is probably very obvious to most (i.e. ITIN) but that I wasn't familiar with and would've found helpful to know before jumping into the reading. It's meant for a quick skim rather than a comprehensive deep-dive. Thought it might be helpful to those who are in the same boat as me: https://goo.gl/HoUPtZ
Feel free to comment on it if you notice inaccuracies or suggest any additions to it!
SJ
Most Popular Reply
@John Van Uytven Thanks for the shoutout! Yeah.. we're the little meetup that could. From 3 to over a 1000 members now.. who would have thunk it??
@Sei-Jung Park Glad to see you on BP now. Great resource! Good luck in Seattle ^^
@Rob Terpilowski We have some members of our group I can introduce you to that may be able to help answer your question, if SJ isn't able to. Send me a PM if needed. (I'd put a link to the group in this thread, but I'm not sure if I'm able to).