All Forum Posts by: Matt Riley

Austin Business Journal just reported a RE economist saying now is the time to sell Austin hotels and apartments, and the rest of Texas is beginning to expect repercussions from the oil slow down. That is why investing local is lower risk....buy what you know. Texas may or may not be overpriced but the up cycle has to be getting a little long in the tooth and prices at all time highs....but inventory is low so who knows.

How do you plan to fix and flip? Long distance? Or are you wanting turn-key rentals from wholesalers? i know your local market is high, but our bust was 5 years ago and the places with jobs are back.

Long distance investing in RE is probably best in a REIT. A REIT is much cheaper and faster to sell too. Less chance of being swindled...are you planning on flying 18 hours each way and 2k round trip to view properties? Google earth may not reveal all.

@Marian Smith

Do I plan to fix and flip while living here? Absolutely not.

You know my local market is high? Well, that was horribly understated. Melbourne real estate is simply unattainable.

Am I planning on flying 18 hours each way to view properties? No. When I said "We’re both open to moving almost anywhere in the US" I meant it literally, attaining residency in the US.

Thank you for your input Marian.

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Hey everyone,

I've looked high and low but cannot find a straight answer about this. I'm Australian (living in Australia) and I'm wondering if I can start a LLC while living here, or must I be partnered with someone in the US?

Probably a really simple question, but I've come across a lot of mixed information.

Thanks,

Matt.

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Hey everyone,

My business partner and I are currently contemplating the United States for real estate investing (we’re both foreigners), thus far we have been talking about the plan and how to execute it, but we're stuck on one very important thing, location. We want your opinions on the best places in the United States for wholesale and fix & flip investing. Also, any ‘pro-tips’ or tools you use to analyse an area would be very much appreciated. We’re both open to moving almost anywhere in the US, so your suggestions can be as crazy as you like, we’re just simply looking for a good place to start.

I’m not expecting any ‘golden answers’ so to say, but just to compile a list of notable places would be very helpful at this point.

Take it easy on me guys,

Thanks in advance,

Matt.

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Thanks everyone for your kind welcome!

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Good afternoon/morning everyone,

Just thought I'd make a quick introduction. I'm a full-time student from Melbourne, Australia and I was introduced to biggerpockets.com by a friend of mine. I'm somewhat new to real estate, but I've managed to network my way into some excellent relationships with developers here in Melbourne, besides that a few renovations currently conclude my experience in real estate. Looking to further my knowledge, network with a few people and maybe even make a few friends along the way. I very much look forward to chatting/meeting some like-minded individuals.

Cheers,

Matt.

1 Vote

All Forum Posts by: Matt Riley

Matt Riley has started 3 posts and replied 6 times.

Post: Wanted - Best USA states/cities/areas for young investors!

Post: Wanted - Best USA states/cities/areas for young investors!

Post: Am I able to start a LLC as a foreigner?

Post: Wanted - Best USA states/cities/areas for young investors!

Post: New member from Melbourne, Australia

Post: New member from Melbourne, Australia