All Forum Posts by: Munjal Adhvaryu

@Munjal Adhvaryu welcome to the forums Munjal! I work with hundreds of out of state clients and a few dozen that are out of the country that include a few in Canada. Most of our clients prefer the middle/southern part of the country because the price points are much easier and the laws are landlord friendly. 

Feel free to reach out if you have any questions, I'd be happy to assist. Best of luck investing! 

 That's great Munjal, do you have a specific area that you're hoping to invest in? That would be a good starting point. Once you've identified the city you want to invest in, I would start building your CORE 4. 

@Munjal Adhvaryu

Welcome to BiggerPockets! It's great to hear about your interest in real estate investing in the US from Canada.

To begin your venture into real estate investment, it's important to educate yourself on different investment strategies, types of properties, financing choices, and market analysis. Canadian investors have several financing options, such as mortgages, private lenders, cross-border financing, and partnerships. It's advisable to research US real estate markets that align with your investment objectives, taking into account factors like employment growth, demographic trends, rental demand, and property values. Networking with industry experts can provide valuable insights and personalized services. Seek advice from legal and tax professionals to establish the most suitable structure for your US investments. Consider using turnkey services for fully renovated properties that don't require property management. Before making any decisions, conduct thorough due diligence and assemble a trustworthy team.

Good luck!

Hi Munjal, I’m also a Canadian investor, investing in the US for cash flow. The. CAshflow in certain markets kills anything in Canada which is probably why you’re looking. The turnkey method is ideal as they handle everything. I’ve been investing in Detroit for several years and along with cash flow property values have started to increase significantly. With all that said you need to find a trustworthy organization to deal with, this is key to everything as you really need someone to look after the renovations and management. 

Navigating the ownership structure is actually straightforward and inexpensive as well. Dm me if you have any specific questions or need resource references. 

I have many out of market/state/country investor clients (and I also do out-of-state investing for my own portfolio) who self-manage their properties which is the best way to maximize cash flow and retain control of your investment. You'll need a realtor/broker who specializes in investment properties in order to not only acquire the right property in the right market but to gain introductions to vetted contractors and resources.  You'll also need to be well-versed in the Landlord-Tenant Laws of the state you purchase in as well as resources for tenant screening and contracts.  Buying a property is easy...it's the rest that takes it from a cash outlay to a cash inflow experience. 

Hope this helps...and you can do this.  

Best...

Hi Munjal, I personally love Columbus Ohio and as someone who works with a lot of out of state investors - there's so many catalysts for why you should invest here. Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy). I really see Columbus Ohio as an extremely safe bet for the next 10-20 years. Plus, there's still so many positive cash flowing and 1% deals here in Columbus Ohio. As a local investor and agent here in Columbus, let me know if you have any questions or want to connect!

Munjal - Welcome to the BP community! This is the best place for all things real estate related. This is what I recommend for you to get started in your real estate journey:

1. Keep saving as much as you can. Depending how much you earn you can step up those savings by getting a side-hustle. It could be any side-hustle you want just as long as you like it and your able to save some extra $$$.

2. Read as many RE books as you can get your hands on. Here are a few I recommend: "Rich Dad, Poor Dad" by Roberto Kiyosaki; "Set for Life" by Scott Trench; "The Unofficial Guide to Real Estate Investing" by Spencer; "The BiggerPockets Ultimate Beginners Guide" found here on BP; "The Book on Rental Property Investing" by Brandon Tuner. This will give you a good starting point.

3. Buy a property as soon as you can. The earlier you start in your RE journey, the better off you will be in the future. Almost everyone here on BP will tell you that they wish they had started earlier, myself included.

4. House-hack, house-hack, house-hack. This will give you several benefits. The most obvious is that you will be able to offset your mortgage with renting out a few rooms. You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property. House hacking will also give you some personal "property management" experience. This will come in handy as you begin to scale.

5. Decide which game you want to play. Do you want to be a house flipper? BRRRR? General Contractor? Buy and Hold? Do you want to LTR, MTR, or STR? Or maybe you want to do a combination of the above?

6. Attend meetups and meet as many people in RE as you can. You will meet people from different walks of life that will give you different perspectives on real estate investing. You might also meet someone that could be a potential business partner. Or you could buy a property from another person at the meetup. Keep an open mind and try to meet everyone at these meetings. I've developed some great relationships and also a business partner from these meetings. As they say, your network will be your net-worth.

7. Timing the market does not work. However, time in the market makes all the difference in the world!

8. Take Action! None of the above works unless you take action and put it into practice. Don't wait for the perfect deal to come up, the most important thing is to get started. Just like everything else in life, get started, keep honing those skills (i.e. keep reading, keep learning, keep attending the meetups) and watch yourself get better and better witch each property you buy.

I hope this helps and good luck on your real estate journey!

Hi, as an Ohio Realtor, Ohio is a great place to invest in real estate. If you have any question, please feel free to contact me. Thanks!

Regina Blake-Ohio Realtor

Hey Munjal, I think you should look into the Columbus market. There has been a ton of growth here over the last 3-5 years. The market is booming in both the business and real estate sectors. New companies like Intel, Amazon, and Google are also investing here.

I own all of my investment properties here and work with a lot of out-of-state investors in both the east and west coast that love investing here for the turnkey and BRRRR opportunities that we have here. I made some resources for my out-of-state investors like a neighborhood graded map and contractor rolodex that I can share with you!