I am trying to make this short because I know how busy everyone is and I am hoping for some sound advice. I live in Japan with my Japanese husband. I am American. We own and operate a small English school here. We want to invest in RE in america in the buy and hold market to help supplement our retirement and hopefully be able to do it sooner rather than later. My Japanese brother in law is very wealthy due to his job which keeps him very, very busy. He has approached my husband and I about starting some sort of business that he can invest in to give him some security in case he were unable to work. I don't think he does anything with his money except for park it in a bank account and spend it. So I was thinking why can't we combine these two goals. I think my BIL approached us because of our connection to America and because he trusts us and has no time to look into anything himself. I would love to come up with a plan on how we could use his money to buy rental property in a way that would make it a good deal for him and for us. TIA
I am in a similar situation.
I live in Korea and teach English here.
I have been working on my plan for awhile. I have got a few investors now. We are combining our money in a C Corp, and going to buy the real estate with the intent for long term holds.
We have also agreed to keep the majority of the money in the corporation, and just continue to grow the business vs. pay out the profits.
We also agreed that the manager would be paid 10%, since we also plan to grow the business we realize the future need for hiring other property managers. We factored that information when calculating cost of the properties. They will still be cash flowing after management cost.
Message me if you have more questions.
Thanks John! Good luck!
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