All Forum Posts by: Antonio Di Cristo
Antonio Di Cristo has started 2 posts and replied 2 times.
Hi BP community,
My name is Antonio, I am a real estate investor who is now living in Tennessee.
My background:
I am originally from New York, but spent most of my adult life in Tokyo Japan where I invested in real estate and had a consulting business. I sold my real estate and company in Japan and came back to the US in 2019. I am looking to invest in real estate ideally in multi-family and in the state of Tennessee, but I am open to location if the numbers are right.
I am looking to connect with other real estate investors, and agents. I am also looking to educate myself on how the real estate business works in the US. Please let me know of any groups in Nashville.
Please feel free to contact me on the BP forum, via email, or on LinkedIn. I look forward to getting more involved with this community!
Post: Invested and sold real estate in Japan without being a Japanese citizen.
- Posts 2
- Votes 3
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $2,000,000
Cash invested: $20,000
Sale price: $2,500,000
The property was a multi-family property with 15 units and 2 businesses in the first floor. It was a 15 year old building, with cashflow above 10%
What made you interested in investing in this type of deal?
The cashflow as well as the small down payment.
How did you find this deal and how did you negotiate it?
I found this deal through a friend.
How did you finance this deal?
Through a bank.
How did you add value to the deal?
I managed the property closely.
What was the outcome?
The property was a cash machine for many years, but I had decided I wanted to leave Japan and needed to sell the property to exit properly.
Lessons learned? Challenges?
Managing a property in Japan while not reading Japanese fluently was difficult. I need to rely heavily on an excellent Japanese lawyer/friend.