New Member from Tel-Aviv, Israel

[Yuval Molcho]

Hi everybody,

I'm happy to be a part of the amazing community. The knowledge I received from reading posts and comments are invaluable and are helping me build the system I need to financial freedom.

My name is Yuval and I'm 32-years old rental property investor from Tel-Aviv, Israel. I have decided to invest out of my country due to regulations on investors and price affiliation that are making the journey to financial freedom much much slower (though not impossible). The main issues I deal with when trying to invest in the US are financing and time differences causing me to work a "second shift" restarting my day at 2 PM.

I own 3 rental properties back home and truly appreciate the power of passive income, equity buildup through mortgage amortization, and price affiliation. It helped me reach 40-50% of my passive income goal. I'm looking for connections in Cleveland Ohio and would like to start from a solid, cash deal SF rental property.

I have read a lot, heard dozens of BP podcasts, and countless posts, and I feel ready to jump into my first deal in the US. Looking forward to this exciting journey and trying to enjoy the way to the finish line as well as the crossing itself.

[Remington Lyman]

Originally posted by @Yuval Molcho:

Hi everybody,

I'm happy to be a part of the amazing community. The knowledge I received from reading posts and comments are invaluable and are helping me build the system I need to financial freedom.

My name is Yuval and I'm 32-years old rental property investor from Tel-Aviv, Israel. I have decided to invest out of my country due to regulations on investors and price affiliation that are making the journey to financial freedom much much slower (though not impossible). The main issues I deal with when trying to invest in the US are financing and time differences causing me to work a "second shift" restarting my day at 2 PM.

I own 3 rental properties back home and truly appreciate the power of passive income, equity buildup through mortgage amortization, and price affiliation. It helped me reach 40-50% of my passive income goal. I'm looking for connections in Cleveland Ohio and would like to start from a solid, cash deal SF rental property.

I have read a lot, heard dozens of BP podcasts, and countless posts, and I feel ready to jump into my first deal in the US. Looking forward to this exciting journey and trying to enjoy the way to the finish line as well as the crossing itself.

 Welcome to the site!

[Zeke Liston]

Welcome to BiggerPockets @Yuval Molcho!

[Tom Ott]

Originally posted by @Yuval Molcho:

Hi everybody,

I'm happy to be a part of the amazing community. The knowledge I received from reading posts and comments are invaluable and are helping me build the system I need to financial freedom.

My name is Yuval and I'm 32-years old rental property investor from Tel-Aviv, Israel. I have decided to invest out of my country due to regulations on investors and price affiliation that are making the journey to financial freedom much much slower (though not impossible). The main issues I deal with when trying to invest in the US are financing and time differences causing me to work a "second shift" restarting my day at 2 PM.

I own 3 rental properties back home and truly appreciate the power of passive income, equity buildup through mortgage amortization, and price affiliation. It helped me reach 40-50% of my passive income goal. I'm looking for connections in Cleveland Ohio and would like to start from a solid, cash deal SF rental property.

I have read a lot, heard dozens of BP podcasts, and countless posts, and I feel ready to jump into my first deal in the US. Looking forward to this exciting journey and trying to enjoy the way to the finish line as well as the crossing itself.

 Hello and welcome! best of luck to you! 

[Erin Dorsey Robinson]

@Yuval Molcho Hello and welcome! It sounds like you have your ducks in a row which is always refreshing.  I would be glad to connect with you. Please let me know if there is anything I can do to help as you begin to explore Cleveland. My husband and I are life long Clevelanders who invest in this area and always welcome the chance to help others who wish to do the same. Best of luck!

[Yuval Molcho]

Thank you all for the warm welcome! Meeting new great people is another great advantage that I missed out on in my original post!

[Michael Ohara]

Welcome @Yuval Molcho! Cleveland is a great market. And I feel you on the time difference 😀. All the best.

[James Wise]

Originally posted by @Yuval Molcho:

Hi everybody,

I'm happy to be a part of the amazing community. The knowledge I received from reading posts and comments are invaluable and are helping me build the system I need to financial freedom.

My name is Yuval and I'm 32-years old rental property investor from Tel-Aviv, Israel. I have decided to invest out of my country due to regulations on investors and price affiliation that are making the journey to financial freedom much much slower (though not impossible). The main issues I deal with when trying to invest in the US are financing and time differences causing me to work a "second shift" restarting my day at 2 PM.

I own 3 rental properties back home and truly appreciate the power of passive income, equity buildup through mortgage amortization, and price affiliation. It helped me reach 40-50% of my passive income goal. I'm looking for connections in Cleveland Ohio and would like to start from a solid, cash deal SF rental property.

I have read a lot, heard dozens of BP podcasts, and countless posts, and I feel ready to jump into my first deal in the US. Looking forward to this exciting journey and trying to enjoy the way to the finish line as well as the crossing itself.

 Welcome aboard Yuval. When looking at Cleveland you'll want to check out The Ultimate Guide to Grading Cleveland Neighborhoods. It's a due diligence great starting point.

[Yuval Molcho]

Thanks, @James Wise for sharing your guide. I saw you have made those for other locations also.

I'm seeing that property tax is uniquely high in Cleveland, and in combination with relatively high city regulations and involvement, makes this market an interesting choice for new investors. What do you think?

The risk of paying 25% of gross income as tax, just to get an inspection from the city that will disqualify your rent registration, seems risky when you have only a few properties. Am I correct?

Yuval

[Yuval Molcho]

Originally posted by @James Wise:

Originally posted by @Yuval Molcho:

Hi everybody,

I'm happy to be a part of the amazing community. The knowledge I received from reading posts and comments are invaluable and are helping me build the system I need to financial freedom.

My name is Yuval and I'm 32-years old rental property investor from Tel-Aviv, Israel. I have decided to invest out of my country due to regulations on investors and price affiliation that are making the journey to financial freedom much much slower (though not impossible). The main issues I deal with when trying to invest in the US are financing and time differences causing me to work a "second shift" restarting my day at 2 PM.

I own 3 rental properties back home and truly appreciate the power of passive income, equity buildup through mortgage amortization, and price affiliation. It helped me reach 40-50% of my passive income goal. I'm looking for connections in Cleveland Ohio and would like to start from a solid, cash deal SF rental property.

I have read a lot, heard dozens of BP podcasts, and countless posts, and I feel ready to jump into my first deal in the US. Looking forward to this exciting journey and trying to enjoy the way to the finish line as well as the crossing itself.

 Welcome aboard Yuval. When looking at Cleveland you'll want to check out The Ultimate Guide to Grading Cleveland Neighborhoods. It's a due diligence great starting point.

 Still learning how to quote correctly :)

Hope you saw my previous comment, I'd love to hear what you think!

[James Wise]

Originally posted by @Yuval Molcho:

Thanks, @James Wise for sharing your guide. I saw you have made those for other locations also.

I'm seeing that property tax is uniquely high in Cleveland, and in combination with relatively high city regulations and involvement, makes this market an interesting choice for new investors. What do you think?

The risk of paying 25% of gross income as tax, just to get an inspection from the city that will disqualify your rent registration, seems risky when you have only a few properties. Am I correct?

Yuval

 I'd be shocked if you found many communities in the USA that didn't require you to register your rental properties. Not a big deal. They do an inspection and if there are violations you need to correct them. So long as your properties are maintained to habitable standards it's not really a big deal in my opinion.