Investing Out Of Country

[Kolton Lynch]

Hey Bigger pockets family. This time last year It was only a thought to invest into real estate. Now it seems I have the bug. I have my first duplex up and running and am in the talks with others to joint venture and build the portfolio. Within the next couple of years I was hoping to invest out of country into the US market. I have always wanted to live there 6 months out of the year. I was looking at Texas, Florida and obviously California (to expensive for me). I was hoping I can gain some insight on some possible strategies "to bring my talents to south beach" - Lebron James. Let me rephrase I would like to bring My dollars To U.S lol Any advice would be helpfull Thanks guys! 

Again Thank you all who have reached out to me and gave me advice and help over the last year. 

[Lior Reich]

@Kolton Lynch

Good luck taking your future steps in RE investing. 

investing out of country is defiantly possible. several questions for you - 

is it for Investment only? or possible residence?

what is the budget? this will help you determine market / type of property.

start with:

1. decide where to purchase on your name or LLC.

2. open a US bank account.

3. contact agents in your selected markets and setup Email Alerts for possible deals from the MLS.

4. Due diligence , Due diligence , Due diligence - dont save on inspections (3'rd party inspections) before , during and after you buy. being out of country - that is your best friend, inspection report to document the property during process.

5. decide whether you want to self manage (highly recommended - specially for first property. it is the best learning curve for the RE business there is..)

6. make offers!

if you need help , or have any questions do not hesitate to reach out:-)