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All Forum Posts by: Ahmed Bahaa El Din

Ahmed Bahaa El Din has started 1 posts and replied 5 times.

Hello all,

I am an aspiring investor with moderate experience in fix and flips coming from Egypt to Miami, Florida looking for advice.

I've lived my entire life in Egypt, but I am a US citizen and am planning to start off fresh in the States on my real estate journey. So I will not have a credit profile or rating yet since I have never opened any bank accounts or made any transactions in the US. I currently have about 200-300k liquid and am planning to buy a medium sized multifamily or small commercial building and looking for advice on where to begin to open a bank and find a good lender, as well as a real estate agent or Wholesaler in the area. Also will most likely need to find an accountant as well at some point during my journey, but I am lucky to be US passport holder which should make my adventure easier.


I am open to hearing all advice through replies or private message is fine aswell.

Thanks

Quote from @Ahmed Bahaa El Din:

Would it not be easier to simply transfer the money using SWIFT system to your bank account? As it would also alleviate you from the stress with airport security asking you a thousand questions about where the money came from and triple checking every document you have, which could hold you up for a few hours. Also, I believe crypto(USDT/USDC) could be another option for you as it is widely accepted in Dubai and the United States.


 Also, I am not sure about this blacklisting of Dubai banks that you are speaking of. I have personally transferred money from Dubai to United States with no issues.

Would it not be easier to simply transfer the money using SWIFT system to your bank account? As it would also alleviate you from the stress with airport security asking you a thousand questions about where the money came from and triple checking every document you have, which could hold you up for a few hours. Also, I believe crypto(USDT/USDC) could be another option for you as it is widely accepted in Dubai and the United States.

Post: New to real estate

Ahmed Bahaa El DinPosted
  • Posts 5
  • Votes 2
Quote from @Jonn Vidal:

Canada is the #2 place Americans are moving outta US yearly to by the millions, surpassed so far still only by those moving to Mexico

(despite the opposite flow of migrants evenmoreso)

isn't Canada bigger than USA and you get more land/house for your dollar than those of us here in US? so u've got lots of potential to afford ur first home than a US person!


Unfortunately I wish that was true, but housing prices in Canada and affordability is worse than in the US.

is there any possibility of some before and after photos? very interesting deal