All Forum Posts by: Dean Peterson

@Pierre Butler Thanks for this. I appreciate the advice. I see you are from Chicago. What's your view on the market in the Chicago region? Especially in the south side near the new Obama Presidential Center.

Hello All,

I am very new to REI but am keen to learn more and interested in purchasing a house in the next 6-8 months.

My scenario is a bit unique in that I am currently living in Tanzania (indefinitely) but am an American citizen. I would want to purchase property anywhere in The States where there would be good cash flow and capital appreciation, even though my base is in the Chicago area.

I am looking for single family homes with a budget between $150,000-$200,000.

Given my circumstances, does anyone see this as being too risky? What potential challenges do you think I may face? Do you believe it's possible to successfully invest in the US from abroad?

Many thanks in advance,

Dean