Quote from @Ricardo Van Kruisbergen:
Hey everyone,
I'm Ricardo from the Netherlands and starting my first investment adventure. Since my wife is American we're looking into the options to possibly start investing in the USA instead of here in Europe. (also to start building something in the USA in case we would like to move there one day)
She grew up in Dayton(centerville) Ohio and still has family there. It would make sense for us to start exploring in that area. The question that I have is what would be possible for lets say 150-200k dollars to get started? What would a good first step assuming we can't/won't use any financing since we don't have US incomes, or are there still ways for financing?
And what would be the things needed and take into account to buy a first rental property?
I have been doing research(and will do a lot more here on biggerpocket now) but since I'm not familiar with US real estate and the ways to go I Thought I would ask you experienced guys for some thoughts and advice. Anything is welcome to get a better idea. Thanks!
Love your ambition to continue investing in the US. I've had 2 separate clients who were US citizens but worked at Kraft in Netherlands and were able to buy 2-4 unit rental properties here in Columbus. I've also brokered several properties in Dayton and find some good off market deals there. Near Centerville/Kettering you can find some great A/B class properties with good tenants.
In terms of cash vs financing, if one of you is a US citizen, you can still qualify for a conventional loan with your current income. That is what my two separate clients did.
For $150-200k - we can search in the Belmont/South Park/Northridge Estates/Huber Heights area as we may get priced out of Kettering/Centerville/Beavercreek. But we can find a sold 2 unit in the B/B- class area right around $200k.