All Forum Posts by: Tal C.

I would like to do BRRRR and I am out of state (actually out of the country, but I am a US citizen and have lived in Illinois). I would love to invest in real estate in the US. However, my knowledge of the various markets is extremely limited. I see many great looking deals on Roofstock, but it seems as if their properties are overpriced and their "4 star neighborhoods" are ones that I'm told are not good at all, neighborhoodscout says it's number 2 on the crime index out of 100 (1 being the worst), areavibes gave it an F rating on crime, employment, schools, and housing.

Basically, I am new to real estate (never bought a property) and not sure how I am supposed to be assessing the neighborhoods and properties for remote investment and would appreciate any help I can get. I'm not really looking for a turnkey provider (I think at the moment at least) as I would be interested in doing BRRRR.

Hi Everyone, I am a noob here and new to investing in real estate as well. I am currently living in Israel (dual citizenship), so I am required to report taxes to the US and Israel. I was thinking of buying real estate in Europe and having a property management company take care of it. However, I am unsure what this means regarding taxes. Do I need to report/file/pay in both countries? This is super confusing, and I was thinking of just getting my first property in the US to simplify things. However, prices abroad are much cheaper and I don't have a ton of money to work with as I am just getting started.

Thanks in advance and I appreciate any help I can get.

Hi everyone. I have never purchased any real estate, so forgive my noobiness. But I recently came across a rental property on Roofstock in Memphis, Tennessee (I linked to it here so you can click to see). They make the numbers seem like I'd be making a nice amount of money if all goes well. However, a few things jump out at me. 

1) From my research this seems like Memphis is a really dangerous city. Does it make sense to invest in a city such as this for a first time owner (I will be taking care of everything remotely through property management companies)? Anything I should look out for?

2) Zillow says it was sold for $19,500 in 2019, and gives it a Zestimate of $48,119. It is being listed on Roofstock for $58,000. Seems quite a bit overpriced. I am wondering what its actual value should be and what I should pay for it if I go for it.

3)When I move the slider for the purchase price to negotiate to pay less, it makes my total return be less as well. Is there any world where this would happen? Pretty sure this is a bug on their website.

4) Any tips for a new investor?