How to make all cash investments work?

[Ekin Turesay]

Hello everyone.

I am looking for advice on starting the real estate investment journey with an all cash deal. My story is that I used to live in the US but then moved back to my home country and now looking to come back. I made some real estate investments in my home country and I am in the process of liquidating them. I will have about $100K cash that I can use to get started. It will take about 12-18 months before I can reestablish myself in the US so credit is out of question for a while. I am also hesitant to put all this case in one deal because if I lose it, there goes all my savings:)

That said I want to dip my toes in the water before the interest rates come down and prices hike. Also I have about 1-2 years before I fully move so my goal is to have a small portfolio when I arrive:) I am familiar with the midwest area and will relocate there so looking at IL, MI, OH region. I see many properties that make me think it is doable but I posted on reddit and the consensus there was that my budget was not enough.

My questions are:

1) How would you go about it if you were in my shoes? I am open to creative ideas (private money, co-investing, flipping?).

2) Which markets are more suited for cash deals and provide the best ROI?

3) Do you think this is doable from afar? I will be traveling to US and can oversee some of the processes if needed but I am a newbie so I don't see myself as an all hands property owner.

Can you let me know if I can turn this idea into a plan or if I am just being silly.

Thank you for your consideration!

[Jay Hinrichs]

Quote from @Nicholas L.:

@Ekin Turesay

Pretty simple - don't buy in a C/D area.

If you need to establish credit in order to be able to borrow, then rent until you can do that.

Buying a bad deal is way worse than having to wait.

dont be baited into buying low end rentals they are cheap for a reason. find a market you like establish the median price of the area for SFR's and buy at the median not 50% below the median your just setting yourself up for long term head ache not long term wealth.