All Forum Posts by: Zeke Nickie

@Zeke Nickie So far the only two times I’ve crashed and burned in real estate has been when I’ve been involved with a partner so just be super careful if this is the path you choose to pursue. I’m not saying it can’t work because folks like Brandon Turner swear by partnerships, I’m just saying exercise extra caution.

Do make sure you have a formal partnership agreement drawn up by an attorney with at least one strong exit strategy in place.

@Zeke Nickie

i believe partnering is an intermediate to advanced strategy

start with a house hack, keep learning from there, and look to partner once you've built up a portfolio / some expertise in something

good luck

I would starting by have a clear goal for your investment - is it cash flow, COC, ROE? It is just going to something to set it and forget it?

If you decide to go the STR route check for city, county and HOA regulations. STRs are also going to require a lot more cash up front due to furnishing it. STRs are a lot more involved and hands on but should generate a lot more income. If you decide to go LTR then I would focus on getting on a strong passive cashflow and making sure you have access to a good property manager unless you plan to self-manage. LTRs tend to be more hands off even if you do self-manage.

Either way, you'll need to practice analyzing deals so that you don't buy a property that doesn't produce for you :) 

Hi @Zeke Nickie,

Congrats on starting your real estate investment journey. Investing out of the country can definitely be a challenge for people starting out. In most cases, it will come with leverage haircuts, required banking in the US, and needing to establish credit in the U.S. Are you looking to take a deal down yourself or have you looked into partnering? If you have contacts in the U.S who you trust to invest with, this could be the way to get around these obstacles. Our DSCR and Fix and flip programs for 1-4 families allow us to use the credit history, liquidity, and real estate experience of the U.S investor as long as the Foreign National holds less than 50% in the LLC's operating agreement. We can also use your liquidity in your home accounts if the bank you use has branches in the U.S. This would make your partner the only guarantor on the loan. It would be what I suggest as you would have access to the most favorable terms and least amount of headaches. For price range, with 30-35k saved, you would have to be in the 70-100k range. Happy to discuss further over dm if you're interested and run numbers for any scenarios you may have!

Best of Luck,

@Zeke Nickie

Price point is irrelevant. As a new investor, it will be dictated by your financial situation, risk tolerance, and strategy.

Zeke, 

This is really dependent on how much $ you can qualify for, if you have the income history to be able to qualify, and what location you are looking to invest in. 

My price range is determined by the amount I'm able to qualify for considering my debt-to-income (DTI) ratio. My DTI is a bit higher because I just graduated and have a decent amount of student loans.

I'd start by finding how much money you can qualify for. Unless you are purchasing all cash.