All Forum Posts by: Ryan Spearman

In the Ohio markets you can get 10% net caps, very landlord friendly 

Hi Ryan, I'm a Kiwi in the North Island and I've been investing in the US MF space for 2 years with properties in 2 States. After investing in NZ for 15 years I made the transition to the US and I'm so glad I did. For me it came down to the benefits the US has to offer then building connections and relationships over there, getting educated, adding value to others and taking action. Reach out to me for a chat if that works for you. 021888623.

Hey, I’m Liz from NZ also, reach out, same as you started looking offshore as you just can’t get the returns in NZ to make the investments work. Best advice I got was to contact Hadar Orkibi, he’s in NZ too. I did a lot of research and he’s part of MIH (a group of go getters that invest in USA multi family). Happy to chat with you. This last year has been a blast and learnt so much. I’m in Auckland so happy to chat. Cheers, Liz 

@Ryan Spearman you need to research a market and decide what you are trying to achieve. 

In the US, there are different tenant-landlord laws, and it is not like in NZ. Some states are more landlord-friendly than others. as some mentioned above.

You need to get more education and referrals in a market that meets your criteria.

I have been investing in the US for over 5 years and can tell you that it is not easy doing it from out of the country. Still, it's doable if you go all in and are willing to dedicate the time and effort to establish relationships in your chosen market. You will need to travel 2-3 times a year to gain traction or work with a solid boot on the ground or start as a passive investor in Syndication or JV.

You will also need to get proper legal and accounting advice to determine which entity would be best to own assets in the US if you are an NZ Citizen. 

The key is to establish your buying criteria and learn how to find deals and underwrite them.

 You should absolutely look at secondary markets like Kansas City, MO, Pittsburgh, PA, Ocala, FL.  You should absolutely stay away from markets like LA, New York, DC, Boston and Miami.

One girl's opinion.

Stephanie

Red - landlord friendly states, not to get political, but its in our best interest. 

100+ units. The more units the better, you can use your 1.6 M as a downpayment, Creative is the way to go ! 

I'd vote Austin, Texas but that is just an opinion not backed by any solid research.  It's just an area I see continuing to bring in good jobs that I think will be growing for a long time to come.

Generally speaking we look for growing populations, growing jobs, friendly landlord-tenant laws, and diverse economies to start with. Those criteria eliminate the West coast states & many east coast states as well. Many investors have flocked to the "Sunbelt" in recent years. 

Having worked with many non-Americans over the years, I'd say the most common misconception about the States is how ridiculously big the country is. It's huge. Most non-Americans underestimate how vast the country is. Just bear that in mind as you look at different markets and when you plan your DD trips.