How would you deal with the money bottleneck if you were overseas?
Hi Everyone,
I finally have close to enough money to begin investing in properties. When I was in the US the plan was clear, I'd start with my own money for the down payment on the first house, build up my reputation, and then pursue private money lenders.
Life has weaved an interesting course for me and I find myself out in Pattaya, Thailand. The principles of real estate investment work the same, but there are no groups of real estate investors out here. Which is nice because of the lack of competition, but bad because now I have no local private money to tap into. And Thai banks are generally unfriendly to loans to foreigners, not even considering non-owner occupied units.
My first reaction was that my opportunities would thus be limited. But now I'm interpreting this as an opportunity to get creative.
What would you guys do to find the private money you needed for deals, if you were overseas?