All Forum Posts by: Hadar Orkibi

@Sanat Bhandari what is planed to build on the land and where in LR is it located?

many community banks could land on a ground-up construction project, but it depends on location, etc. 

I want to insert comments on a few of the above statements. 

1. Saying that "Rustbelt has no upside" is nonsense; I have many friends that invest in the "Rustbelt," and all of their deals have an upside and force appreciation. Note: some parts of the Rust Belt are areas that, In my opinion, are not Landlord friendly enough and have a high cost of living. So not my first choice to invest in. 

2. @Ryan Spearman Yes, that's why I started investing in USA Multifamily 5 years ago. No cash flow in NZ unless you are buying Commercial Real Estate NNN with a higher yield. New Zealand is a tough place to invest because borrowing money is VERY DIFFICULT, and you don't get a Big Banng for your Buck.

3. 10% Net Cap is something that you need to understand. In the US @Ryan Spearman we are calculating returns differently. Especially with Multifamily, which is based on NOI. Up t about 4 Months ago, Yes, it was easy to Cashflow with 100% financing. I did two cashout refinancing over one property in the last two years, and even after pulling few hundred thousand out, the property cash flowed pretty much the same. We call it the refi and role strategy or the BRRRR.

3. A: Now that rates are 7%-8% (and going higher) High, double-digit Cashflow is harder to achieve within the first year until the property is fully stabilized. 

3:B: 100% financing is Not a strategy for beginners in a correcting, volatile, trading downward market. Or with negative sentiment. 

I hope that helps!

@Ryan Spearman you need to research a market and decide what you are trying to achieve. 

In the US, there are different tenant-landlord laws, and it is not like in NZ. Some states are more landlord-friendly than others. as some mentioned above.

You need to get more education and referrals in a market that meets your criteria.

I have been investing in the US for over 5 years and can tell you that it is not easy doing it from out of the country. Still, it's doable if you go all in and are willing to dedicate the time and effort to establish relationships in your chosen market. You will need to travel 2-3 times a year to gain traction or work with a solid boot on the ground or start as a passive investor in Syndication or JV.

You will also need to get proper legal and accounting advice to determine which entity would be best to own assets in the US if you are an NZ Citizen. 

The key is to establish your buying criteria and learn how to find deals and underwrite them.

 @Jack Law I received your msg and responded. You are at the right place. Starting with the right education and taking all in is the key. I think. First, you must decide which asset class you plan to invest in. Single Family? Multifamily?  Understanding which markets can offer you a better Price to rent ratio and how you can actually do business in the US. Are you able to borrow money as a none resident/citizen? There are any factors to consider...

 Hey David, I highly recommend Jake and Gino. Awesome community.

Make sure to come to MM5 in Orlando on the first weekend of November 2022. 

I'm coming all the way from New Zealand!

 I use OpenPhone, and it is a good option. DM me if you have any questions. I invest in the US while traveling, and I'm based in NZ sometimes. 

Yes I'm going. Great event not to be missed!

@Shari Theodozio what type of asset are you looking to finance? 

If you are in CA you are better off work g with a local mortgage broker in AR. 

Talk to The Hoffman Team at River Rock Realy.... Jamie Hoffman and David. 

@Gerardo Waisbaum Jake and Gino is going to be great. I'm Travelling from New Zealand, especially for that.

Been coming every year for the last 4 years!! Yes, It's that good!