Hello, my names Jarrad, im 28 and I live in Brisbane, Australia.
I am considering getting into real estate in the US because of the high rental yield that just isn't possible in Australia along with the entry price is being more affordable.
I haven't owned any properties before and i understand that it may be considered fool hardy to attempt to start in an international market from which i have little knowledge about. I am currently considering investing in OH within the next 12 to 18 months. Before i dive straight in, i am planning to do a trip to the US to feel out some of the cities and hopefully meet with some property managers to get their advice on areas.
As i said above, i am very new but have been trying to soak up as much information daily as i can manage, and from what i have learnt, my plan would not be all that dissimilar to investing out of state.
I was wondering if anyone has done something similar, and if so would be able to share any major unforseen hurdles that they weren't prepared for? How would getting traditional financing work from the banks being on a Treaty Investor Visa (E-2)? How would i know what is a suitable area to buy in without having the "on the ground" knowledge?
Kind Regards
Jarrad
