All Forum Posts by: Zane Bradshaw

Hi, 

So I know that there is a lot of talk about a duplex, triplex or 4plex being the best investment for a first time investor.. The thing is, is live in South Africa, and where I live you don't see much triplexes or 4plexes at all. So that investing strategy is pretty much thrown out the window in my country. 

What I want to discuss is international investing.. What are the things stopping me from getting on a plane to let's say America, getting a loan, and buying a triplex there? What are the technical rules about international real estate, and all the details. 

I am 18 years old, just about to finish my schooling career in the 2 months, and would not mind traveling oversees for 'business purposes' next year :D Pretty keen actually..

Any info on this topic would be great, thanks.

Congrats @Nick Schroeder! Looks great. Very neatly done. 

Questions..

1. How much of the work did you do yourself? How much was outsourced?

2. How did you finance this deal? 

Thanks, and well done!

@Jay Barndt Thanks for that. I have big plans for the coming future.. 

You say 'be creative', do you have any examples of being creative? I am in desperate need of ideas because I'm struggling to think that creative on my own at the moment. Thanks

@David Dachtera Good point with people with retirement funds. The only thing is, can property be less risky than a retirement fund? How can I prove that?

@John Kesner So basically, the first deal is the most work.. After the first one, things should start falling into place.. The challenge I face now, is actually finding someone who would be able to privately loan me money, who actually has spare capital reserves..

@John Kesner That makes more sense. So am I using the sample property as almost a sales pitch to get the private investor aboard? Also, is the point of the family member for co-signing only? They don't have to have capital reserves to physically loan to me? It's just to get past the 2 year proof of income?

@JD Martin Good point. So my main goal right now is to find a private investor? Also, how do I go about locating them? I know a lot of people say 'go to a local investors club', but I can't seem to find many around me where I stay. Any tips on that?

@JD Martin you have a good point, it's just not a very practical situation in my case.. 

Would there be any other ways to get around this, or 'hack' it? 

@Rogelio Rosales but even for a private lender don't I need some sort of proof of income? Or is that only for formal loans? With a private lender can it be a family member or friend, with our own conditions? 

That strategy sounds so awesome. So just to verify, it is then 1-2 YEARS of income?? 

In terms of FHA 203k loan.. I live in South Africa, I'm not 100% sure, but I think those are not in my country. What exactly is FHA 203k?

@John Kesner I'm not sure I quite understand by 'sample property'.. Could you please elaborate?