Foreign person taking a jump into real estate investment

[Yannick Dos Santos]

Hi everyone at the Biggerpockets community. I am proud to be now a member of this big family, reading stories and peoples experiences in property investments.

I have migrated to Australia from South America looking for adventures. But, after several years of hard work and stressed, I decided to take a jump into real estate market since I am aiming for freedom in my life. I have attended a couple of seminars and read a few books about investing, but I have no experience whatsoever as a investor. the market in Australia is currently in a gigantic bubble where it is a big difficult for investors to enter at this point. That is why, I am been looking at USA property market and it seems very attractive now specially in cities like Tampa, Jacksonville in Florida Dallas, Houston, Austin in Texas and some others located in Ohio. Since I will be considered as an overseas investor, my entry point shall be low in blue areas but looking for growing population as well as high rental demand.

I would really like some advice, help, opportunities and strategies that anybody can throw me since I don't know any realtors or lawyers, not to mention that I have not lived in any of those areas, but I am more than happy to take a plane and visit those places when I have a clearer idea of investment plans.

Thank you, I will really appreciate it.

[Robin Cox]

Welcome to the BP community!! 

First piece of advice is listen to ALL the podcasts and attend Brandon's webinars. Then you may be able to come up with a strategy that interests you. SFR, Multi, Flip, Wholesaling, note, Turnkey, trailer parks, storage, college town, upscale, city or suburb???

You have cast a very broad net.  I was considering vacationing in Australia earlier this year and wanted to see the Great Barrier Reef, Sydney, the Penguins in the South and lots of other things in between and by the way I only had 10 days... What would you say to that?    Exactly.   It's a big continent!  Narrow it down.

Are you interested in C or D properties for 30K-50K? or better areas at 200K? or more? Do you want to do a little bit of rehab or a total gut? SFR's or Multi's? Do you know anyone over here?

I don't know what the deal is with oversees investors and I don't know what "blue areas" are.

Don't waste a plane trip if you don't know roughly what you want to do.  Be more specific and someone will probably jump in and offer advice to help narrow it down even more.  

Best of luck, Mate! :)