All Forum Posts by: Jack Brennan

Hello Everyone, I'm currently an investor in Ireland and I have two longterm rentals rentals here. I'm planning to move back to the states in April 2024. I Want to start investing in the US and I want to live in the market I invest in, I've considered multiple markets but I've narrowed it down to Tampa and Columbus, OH. I've jobs lined up in both that will pay 75k-95k per year. I'm not looking to get 1,000's of units, my plan is to purchase one or two properties per year using conventional financing (planning on putting 10% - 20% down). The long term growth potential in Tampa is very attractive which leads me to my questions "is positive cashflow on a long term rental still realistic in Tampa or even in the Tampa suburbs, as I have heard that insurance premiums have sky rocketed lately" and "Am I already priced out of the Tampa market on a salary of 85k if I were to get conventional financing and would the properties that I can afford all be D class property / property in flood zones etc" I like the idea, of Columbus also, due to cashflow potential, I've always only invested for cashflow so it's what I'm used to. I dont know anybody in these city's or even these states, the biggerpockets community has made a massive impact on my success so far even though the community is based in the states the principles still apply in Ireland. If anybody could point in the direction of a good agent, provide me with any information on these markets or even suggest new markets that I may not have thought of I'd really really appreciate it. Also, if anybody has any questions about the Irish market or is interested in investing overseas in Ireland I'd be happy to help. Thanks in advance BP.

 Thanks for the feedback Bruce, really appreciate it, I forgot to mention that I am an American, but I've been living in Ireland for years so I don't need a visa or anything. I'm currently working for Sysco in Ireland, they have depots all around the US with their main base in Houston TX, so I could get a transfer anywhere really. I have relatives in the NYC area but I think I'll start from scratch somewhere else. As for credit will it really take years build up? or is there something I can do to build credit faster. There is definitely opportunity to make a mark in the property market in Ireland, appreciation is high and basically everything cashflows even with the high interest rates. The problem is the lending is very tight, it is nothing like the US. There are no tax incentives, you can't pull equity out of a property unless it's for medical bills etc. If I could locate lenders willing to extend credit for property in Ireland, it would be ideal. Thanks again for your feedback Bruce, I appreciate you taking the time to answer. 

  

Hello everyone, I'm a 25-year-old planning to make a move from Ireland to the US by the end of this year. Currently, I own long-term rental property in Ireland that generates good cashflow and appreciates nicely, but the lending restrictions here are very tight. Therefore, I am considering expanding my portfolio in the US to take advantage of potentially higher appreciation and more favorable lending conditions.

Given my age and willingness to relocate anywhere, I'm seeking advice on which US cities offer the most potential for long-term rent cashflow, significant appreciation, and opportunities to BRRRR. I have looked into markets surrounding cities such as Houston, Dallas, Tampa etc. but without any local knowledge it is difficult to judge their potential.

I understand that each market is unique and studying the local dynamics is crucial, I want to prioritise areas where I can at least break-even on long-term rent. I am particularly interested in markets where there are promising indicators for future appreciation. Factors like population growth, job opportunities, rental demand, would be significant considerations for me, if any of you have any insight or personal experiences you'd be willing to share, I love to connect with you.

Also if anyone has any specific questions about the Irish property market or needs assistance regarding investments in Ireland, I would be more than happy to share my knowledge and help based on my experience.