All Forum Posts by: John Lingel

Long term I think Vegas will do well. Lot's of people are moving here to get away from high taxes. I read that 80% of people that move end up in a state with no income tax. That includes people that move within the same state.

A couple problems and concerns though are:
1. Rents are pretty low compared to prices. (But they are growing fast, something like 5-7% a year) I see this trend continuing for a while.
2. It's hard to buy anything under $350k.
3. I have not checked the numbers recently but there was a pretty high number of people here not paying there mortgage. So who knows where that leads?
4. The only cashflowing properties I could find have been in areas I personally would not want to own. Maybe you have a stronger stomach than I do or can just find better deals?

I am looking currently in the LV area but I have widened my search to include condos (this is rare for me) and looking at Phoenix which I think has better value. I am still bullish on Vegas long term though. 

I am looking to buy a $200k property in Colombia (Foreigners can't really get loans) and I plan to borrow $100K from a friend and pay him back over 7-10 years. What would a fair deal look like in terms of the borrowed $100k? I feel it's pretty low risk for him as I have other assets if something went wrong and we have a long history of doing business together that combined with a large amount of equity should make it pretty safe on his end. I have never borrowed money from anywhere but the bank so not really sure what a deal like this would look like. 

@Martin L. What company do you use and are you able to get financing? 

@Matthew McNeil Wow, that's awesome that banana plantation sounds like quite the project. I do have some good real estate agents, property managers, and contractors. My issue is they are in California where I bought my first 2 places, because of the high taxes and other issues I see don't really want to invest there anymore. Sounds like you have a good set-up I would like to find a solid turn-key company with a team in place and do something similar. But the more I look at note investing the better it sounds. For someone like me who has a good income but a hard time getting loans it makes a lot of sense.

Hey Y'all, this is my first time on the forms but I have been listening to the podcast for around 4 or 5 years now. Great Stuff! I have 2 rental properties I got in 2011 but I have not bought anything since, mainly because I live in Cambodia now. Currently putting most my money in Peerstreet, Yieldstreet and do some lending to people who buy fine wines in London. I really want to get back to my original plan to invest in Real Estate. Wondering what the best way to do that from over here is? My thinking was Note or Turn-key properties would be the best way to go. Anyone with experience investing in notes, do you think it would be possible to run that business from another country? I want something scalable and with better returns than the 10-12%, I get now. I know I could buy a Note or two from a broker without a problem but wondering if it is realistic to run it like a real business from all the way in Cambodia? Or when you get to a certain size is there just too many problems that arise. My hopes are that I could master this business and one day, raise outside money. 

Thanks, in advance for any tips or suggestions and thanks to all the amazing podcast guest over the years I have learned something from every episode, cheers.