Dear fellow investors
I am new to the US market.
I am looking for long term investment in good locations that can be rented easily. I have researched extensively at Trulia, Zilliow and Realtor.com before chancing on this site. And I have read extensively into the information provided here . Currently I am suffering from an overload of information . Hope someone can assist and point me in the right direction.
My target is to eventually have a number of properties that has a combined net return of $10k per month in positive cash flow.
Initiallly I thought of buying into Florida Miami beach because of the hugh drop in price and the beautiful weather/beaches there. Something cheap within $60k with existing tenants...Then I noticed that there are a lot of vacant units and it may not be easy to get one with good cashflow.
Looking elsewhere, i thought West Coast is preferred as I am residing in Singapore and it will be a shorter trip should I need to come by to inspect.
I also need recommendations to property management agents and lenders as i know that it is not easy to get the loan now considering that I am a non resident and do not yet have a credit record... well... have to start somewhere. But my loan amount will not be big as I will be raising equity on my side.
Appreciate your assistance...
Marcus
:D
