All Forum Posts by: Lior Reich

@Yasir Rahman

we can talk about financing on our next call:-)

@Louis Dobrik

yes you can but is quite dificult. there are several banks that will lend to foreigners based on their foreign income. interest rates are higher...

you can always go "hard money" lending...

Hi @Brian Foster

I never had a chance to invest in Texas... great state. however I did have a nice retail business in Albuquerque for several years and loved it!

I would love to connect more and get some deals if you have in these markets. thank you

@Kyle Marek

I am not saying all Turnkey companies are bad. But I have learned that when TK companies have long distance clients  - the End Client is left with a very minimal return... dont ask me why - But I have seen it many times. Hey , My business is based on those TK companies Selling "Bad" Properties in "Bad" areas to Out of state / out of country investors.. 

in my eyes , for the first coiuple of properties - you should DIY

@Zigphryg Bello Would not recommend this route .. What are your goals? What market? I will try to direct you to the right place

@Matt Rosen Try Hubspot Bitrix

@Kyle Marek I have read the book and loved It! Would not recommend turnkey And I don't recommend buying the cheapest low end properties Aanothrer to for out of state investor- look into condos , less yield but safer return

@Neddie Smith Hi Neddie welcome to BP.. Feel free to connect and I will happily provide answers to your questions. In short , here are major points that foreign investor should take under consideration: 1. FIRPTA withholding.. Google it. It is very important to know before you make real estate purchases in the U.S. 2. Bank account and LLC 3. Financing for foreigners 4. Turnkey- I personally don't like the turnkey model, mainly due to the fact that most products sold via turnkey are in C/D areas, thus making you totally dependable in your Property management company 5. Areas to invest. As a foreign investor o usually recommend NOT to buy the cheapest houses (30-50,000$). All of those houses will be on and neighborhoods and will be very hard to manage from out far. It is better to buy a more expensive property (at least 70-100,000$) in a better school district 6. Look in to condos - very easy to manage from abroad. Pay attention to HOA investor friendly community's 7. Don't buy HIGH cap properties that look good in presentation. I have learned it is smarter to settle for 6-8 % CAP but steady and easy to manage. It is better having one bird in hand then 2 birds on the tree....

@Shahaf Benita Hello and welcome to this great community. This is by far the best place to learn and to get objective advice from the professionals in this forum I am working on a book called "how to manage your out of state / out of country rental properties " and I would love to share my experience and knowledge. To sum your question- managing properties from abroad is possible. I also believe that for your first couple of properties- You MUST manage yourself , it will be the best learning experience for you and will do wonders to your learning curve... Feel free to connect if you would like some help at the beginning of your RE journey. Last, if you visit the states make sure to open a bank account in your name it is important for your success and should be done in person vs paying someone to open it remotely... Also make sure on your next visit to your the market/ properties in your selected investment area. Nothing is better then sèe and feel personally ... Good luck!

@James Zhang

as the other members above me recommended. list the properties on zillow , trulia and every other site you can

I also recommend using a MLS Flat fee service - where you can post you proprieties for sale on the local MLS for a very small fee (89$-289$ usually depends in the local MLS) , I would advice - to advertise in your listing a nice commission for any buyers agent for bringing you properties.... lets say even 3.5% to the buyers agent.. (depends on how your market is )

in case you need some help with Facebook / social marketing dont hesitate to connect with me:-)