All Forum Posts by: Franz Isak Bergmann Ingolfsson

@Andreis Bergeron somewhere around $200k in total max $225k, but it all depends on the amount of rent I get for an apartment and if I can increse the value of the apartment or not.

@Jónas Tryggvi Stefánsson ca. 216000kr, síðan setja til hliðar fyrir viðgerðum, skatt og fleira

Hello everybody,
My name is Franz and I'm from Iceland, I want to buy a single family house in Houston, TX for $200k, does anyone have any experience with foreigners buying real estate in the US? I realized that I would get more ROI through buying a single family house in Houston with cash than a single family in Iceland, similar houses in Iceland are going for $800k and you have to have a down payment of $325k and monthly payments of $2250 and rents for $2150 if I'm lucky.

Best regards

I have been following BiggerPockets for a year now as well as my real estate in my whole country, Iceland which contains only 360.000 people and I can't see any deals that give a good cashflow, the best thing you can do when investing here is flipping and holding apartments and hoping they will appreciate. That got me thinking if it's allowed for a foreigner with hard cash like me to invest in the US market without actually living there or having any kind of permit like the green card?