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All Forum Posts by: Trish Wilson

Trish Wilson has started 5 posts and replied 17 times.

Is there anyone here ever invested outside of the USA? Is there anyone who has tried using their ROTH IRA to invest outside of the country?

Please share your experiences so other people can learn from it too.

Is there anyone among the members here investing in crypto? If yes, are you investing your crypto to purchase real estate yet?

Yes Leo, we are pretty serious. This is more than 20 years of being on our vision board, and it's finally happening. We did live in the Philippines for 11 years and I am a also a licensed Real Estate Broker since 2015. Currently, I am getting listings left and right even when I am not there. I do have people working with us, collaborating with us. I have part of our working team, believe it or not who are from Angola and Nimibia who are our engineers who will help us build it up. He took double major in engineering in the Philippines and set up our off the grid system at our house while living in the Philippines all by himself. We do have extra-ordinary off the grid set ups that only engineers can understand and make it happen. I will share to the group, whatever we have accomplished for the year to inspire some of you to do the same. Because at the end of the day, you can do what we want to do just about anywhere in the world, where there is land :)

With #cryptocurrency, we have to get on board on what the future is going to be. Did you know that Genz - are investing on crypto? About 50% of Millenials are doing the same. They are future home buyers. So expect them to buy real estate using crypto.

If I were to share boldly our main source, everything is simply coming from God who provides us all the resources, wisdom, divine connections to navigate this whole project.

We personally bought a 9 acre farm in the Philippines at a very good rate. That's right, while we have been living here in Idaho for more than two years now, we were able to close some deals in my country. I had to trust a very good friend and her agent to help me find the perfect location. Our goal is to build a retreat center, self-sustaining farm living off the grid, accept cryptocurrency for payments in rentals and for purchasing of our produce.

 With the current pandemic situation for the last couple of years, living outside of the city is now being the "preferred" place to be in. Families are now going out of town almost every weekend to get some fresh air.

As I am now working with investors coming from different states outside of Idaho, I am finding good deals that are multi-units, SFR with acreage that can potentially provide passive income. Even SFR can provide a good passive income if rented to specific groups of short term rentals. In this time of market shift and unpredictable outcome of economic situations, we need to think outside the box and as what @Leo Ray mentioned, we need to add strategies to add value.

With regards to off the market, establish good relationships with local realtors and property management team. 

If you intentionally look for good deals in the market no matter what is happening around, you will find it. You get what you see.

I love what you did by transforming that place from 2br to 3bed and 3 bath! Thank you for sharing that idea. I hope I will be able to do the same for our investments and for my investors as well. Sometimes, it really does not make sense even when I see 6 bedrooms with 2 bath!

Quote from @Leo R.:

@Alicia Marks as with nearly all my deals, my 2022 purchase was on the MLS, and it was a property that fit my needs, but it had oddities that drove other buyers away

In my experience, success in this difficult buyer's market often comes down to being able to see value/opportunity in a property that isn't readily apparent to most buyers. For instance, I have a spot that had a very weird floorplan when I first bought it (which drove buyers away), but I could see that with some relatively minor work, the floorplan could easily be changed to be much more appealing, and much more functional...the property was turned from a 2 br 1 ba into a 3 br 3 ba, which transformed it from a cashflow negative property to a significant cashflower.

With prices so high and deals so hard to find, value add strategies are often the way to go!


Thanks Don! let's talk tomorrow at about 10 am? 

trish

Thanks Don. I love Idaho Falls! We wish to go back there by next year. We spent Christmas last year in your area. 

We are also looking at areas near McCall to invest too. But my investors prefer to stay local here in the area, not necessarily Boise, but Meridian or nearby cities. If what Grant is offering will work and provide a passive income, we might invest as well too.

Again, thank you for sharing your opinion.

Trish w

That will be great Grant! Are you guys licensed here in Idaho? I would love to discuss this further@

Trish Wilson

I just watched the video of David Greene for the 90 day challenge which was very good. Thank you David. As I am trying to help investors here in Idaho find the right passive income investment properties for them, I have to deal with lenders who are giving a higher interest rate like 8% or so. A 40 year loan with interest only payment options for the first year or first three years. And a downpayment of 20-25%. 

Using your rental calculator, the title company's calculator and online calculator, it is quite difficult to find a more accurate number. I am getting negative cashflow on almost every property. Unless, there is a way to do analysis better or I am not finding the right investment property.

Is there anyone in this group, who has encountered the same situation? Or is there anyone who can help us figure this out properly?

I would appreciate any feedback or sharing of your own experience on this matter.

TW