How to make all cash investments work?

Member since 2023 · 13 posts · 4 votes

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!

2 Reply

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Jay HinrichsBusiness Member

Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes

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.

Podcast Guest on Show #222

JLH Capital Partners51 Review

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Nicholas L.Pro Member
Flipper/Rehabber · Pittsburgh · Member since 2018 · 6k+ posts · 5k+ votes
3y
@Ekin Turesay
I can't tell if you're saying you are moving back to the US soon, or just looking to invest here.
If you're asking if you should sink all of your cash into one deal, that you try to manage from overseas? Nope... And then add a creative aspect to it, to make it even more risky and complicated? Double nope.
If you're moving here, house hack once you move here. If you're not moving here, you need to come here in person and build a team / network BEFORE you invest.
1 Reply
Ekin Turesay
OP
Member since 2023 · 13 posts · 4 votes
3y
Quote from @Nicholas L.:

@Ekin Turesay
I can't tell if you're saying you are moving back to the US soon, or just looking to invest here.
If you're asking if you should sink all of your cash into one deal, that you try to manage from overseas? Nope... And then add a creative aspect to it, to make it even more risky and complicated? Double nope.
If you're moving here, house hack once you move here. If you're not moving here, you need to come here in person and build a team / network BEFORE you invest.

Thanks for replying!
I will be moving there but I want to do some work ahead of time! I am going to be in the US early spring for an extended period. I am thinking I can do networking, researching etc. then but I think my first deal will still be an all cash deal at first. Or maybe waiting until I reeastablish credit is wiser but I wanted to ask because I see all cash deals pop up so it made me think it was doable.
I am open to househacking but my budget puts me in C, D areas and I am concerned about safety. Do you have recommendations on a relatively safe location to househack in the midwest area within my budget?
0 Reply
Bob S.
Real Estate Consultant · Cleveland · Member since 2020 · 6k+ posts · 3k+ votes
3y
Quote from @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!

I know dozens of investors that live overseas that pay cash about 100kish for a SF with about 1300 in rent, all taken care of PM place. All you need to do is connect with those that provide properties. Heck, I live in FL and do all my business out of state,

Good luck
1 Reply
Nicholas L.Pro Member
Flipper/Rehabber · Pittsburgh · Member since 2018 · 6k+ posts · 5k+ votes
3y
@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.
2 Reply
Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
3y
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.
Podcast Guest on Show #222
JLH Capital Partners51 Review
Website View Page
3 Reply
Matthew Irish-JonesBusiness Member
Real Estate Agent · Buffalo, NY · Member since 2017 · 2k+ posts · 2k+ votes
3y
@Ekin Turesay. We deal with a lot of out of county investors that can’t get a mortgage. They tend to buy C/D/F class investments and need a lot of cash to do so.
It’s not my favorite kind of investing and is high risk. I would rather be less than a 25% owner of a small equity fund where the general partner is also heavily invested.
That allows you some protection, and gets you into better properties. Just pick the right person to invest with.
Irish Jones Realty4.948 Reviews
View Page
0 Reply
Kyle Hoffman
Real Estate Broker · Indianapolis · Member since 2023 · 16 posts · 14 votes
3y
Quote from @Ekin Turesay:

Quote from @Nicholas L.:

@Ekin Turesay
I can't tell if you're saying you are moving back to the US soon, or just looking to invest here.
If you're asking if you should sink all of your cash into one deal, that you try to manage from overseas? Nope... And then add a creative aspect to it, to make it even more risky and complicated? Double nope.
If you're moving here, house hack once you move here. If you're not moving here, you need to come here in person and build a team / network BEFORE you invest.

Thanks for replying!
I will be moving there but I want to do some work ahead of time! I am going to be in the US early spring for an extended period. I am thinking I can do networking, researching etc. then but I think my first deal will still be an all cash deal at first. Or maybe waiting until I reeastablish credit is wiser but I wanted to ask because I see all cash deals pop up so it made me think it was doable.
I am open to househacking but my budget puts me in C, D areas and I am concerned about safety. Do you have recommendations on a relatively safe location to househack in the midwest area within my budget?

I really love the idea of a house-hack. I have had many success stories on my team with building experience in investing and real estate with this option. Also, its a great option during a time where affordability is an issue. Like others have said, it may be a good idea to wait and build some credit once you are living here full time. It would likely be a major project to do an all cash offer on a property valued at $100K and limit yourself to a C/D area. More specific research should be done on crime rates in specific areas when you are more serious about buying once you've narrowed down where to live. Although interest rates are high right now, there is always the option to refinance and using borrowed money can be a good strategy for investing because it keeps more capital for renovations, repairs, capital expenditures, etc. My team and I would love to help answer any other questions as we are an investor-friendly team in Indianapolis.
0 Reply
Travis Biziorek
Investor · Arroyo Grande, CA · Member since 2014 · 1k+ posts · 1k+ votes
3y
Hey Ekin, I would look at more affordable markets that have heavy cash flow numbers.
I'm biased to Detroit and have 12-doors there even though I live in California.
Our typical single-family house deal is in the $70-$90k range and will rent for $1,100-$1,400/mo depending on location and bedroom count.
Detroit is an awesome market if you take the time to learn it. There's a ton of investment happening and a lot of neighborhoods transitioning from C to B Class. If you position smartly you can do extremely well.
0 Reply
Ekin Turesay
OP
Member since 2023 · 13 posts · 4 votes
3y
Quote from @Bob S.:

Quote from @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!

I know dozens of investors that live overseas that pay cash about 100kish for a SF with about 1300 in rent, all taken care of PM place. All you need to do is connect with those that provide properties. Heck, I live in FL and do all my business out of state,

Good luck

Would you recommend to start with an SF? I kinda like the MF idea better as I will also need a place to stay. Maybe not the same cashflow but that would be my ideal. What areas would you recommend?
0 Reply
Ekin Turesay
OP
Member since 2023 · 13 posts · 4 votes
3y
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.

Yes agree that buying a bad deal is worse. But let's say I have a small MF while I am getting started, down the road I can use it to get an asset backed loan or simply sell and reinvest when my credit qualifies me. Ultimately the decision I am trying to make is do I do something now or wait until later.
I'd rather wait if the deal is bad but everyone makes it sound like there is a deal for everyone out there somewhere so I am exploring:)
0 Reply
Ekin Turesay
OP
Member since 2023 · 13 posts · 4 votes
3y
Quote from @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.

Thank you for the insight. I do agree that too good to be true deals are just that. I want to stay realistic about budget.
0 Reply
Ekin Turesay
OP
Member since 2023 · 13 posts · 4 votes
3y
Quote from @Matthew Irish-Jones:

@Ekin Turesay. We deal with a lot of out of county investors that can’t get a mortgage. They tend to buy C/D/F class investments and need a lot of cash to do so.
It’s not my favorite kind of investing and is high risk. I would rather be less than a 25% owner of a small equity fund where the general partner is also heavily invested.
That allows you some protection, and gets you into better properties. Just pick the right person to invest with.

Well good news is I can get a mortgage, just not yet. I do not want a deal in a bad area just for the sake of it. You raise a good point (and a new idea) - where do I find those people that I can approach? I know "here" is the answer but is there a community for it?
0 Reply
Ekin Turesay
OP
Member since 2023 · 13 posts · 4 votes
3y
Quote from @Kyle Hoffman:

Quote from @Ekin Turesay:

Quote from @Nicholas L.:

@Ekin Turesay
I can't tell if you're saying you are moving back to the US soon, or just looking to invest here.
If you're asking if you should sink all of your cash into one deal, that you try to manage from overseas? Nope... And then add a creative aspect to it, to make it even more risky and complicated? Double nope.
If you're moving here, house hack once you move here. If you're not moving here, you need to come here in person and build a team / network BEFORE you invest.

Thanks for replying!
I will be moving there but I want to do some work ahead of time! I am going to be in the US early spring for an extended period. I am thinking I can do networking, researching etc. then but I think my first deal will still be an all cash deal at first. Or maybe waiting until I reeastablish credit is wiser but I wanted to ask because I see all cash deals pop up so it made me think it was doable.
I am open to househacking but my budget puts me in C, D areas and I am concerned about safety. Do you have recommendations on a relatively safe location to househack in the midwest area within my budget?

I really love the idea of a house-hack. I have had many success stories on my team with building experience in investing and real estate with this option. Also, its a great option during a time where affordability is an issue. Like others have said, it may be a good idea to wait and build some credit once you are living here full time. It would likely be a major project to do an all cash offer on a property valued at $100K and limit yourself to a C/D area. More specific research should be done on crime rates in specific areas when you are more serious about buying once you've narrowed down where to live. Although interest rates are high right now, there is always the option to refinance and using borrowed money can be a good strategy for investing because it keeps more capital for renovations, repairs, capital expenditures, etc. My team and I would love to help answer any other questions as we are an investor-friendly team in Indianapolis.

I actually like the house hack idea! If I wait until i qualify for a loan I am afraid I will miss out on the current prices. So I am pondering if I can get started with cash and then switch strategies down the road. Not sure if there is asset backed funding that will give me access to larger capital. In any case I would like to connect!
0 Reply
Ekin Turesay
OP
Member since 2023 · 13 posts · 4 votes
3y
Quote from @Travis Biziorek:

Hey Ekin, I would look at more affordable markets that have heavy cash flow numbers.
I'm biased to Detroit and have 12-doors there even though I live in California.
Our typical single-family house deal is in the $70-$90k range and will rent for $1,100-$1,400/mo depending on location and bedroom count.
Detroit is an awesome market if you take the time to learn it. There's a ton of investment happening and a lot of neighborhoods transitioning from C to B Class. If you position smartly you can do extremely well.

I went to school in MI so Detroit idea is exciting for me but I do fear the reputation of the city. In any case I would like to connect, thanks for the insight!
0 Reply
Nicholas L.Pro Member
Flipper/Rehabber · Pittsburgh · Member since 2018 · 6k+ posts · 5k+ votes
3y
@Ekin Turesay
"But let's say I have a small MF while I am getting started, down the road I can use it to get an asset backed loan or simply sell and reinvest when my credit qualifies me. Ultimately the decision I am trying to make is do I do something now or wait until later."
Possibly. One thing to remember is that it's expensive to transact - to buy, sell, or refinance. So if prices stay flat for a few years, and you buy something that doesn't appreciate and then have to sell it, you will lose money. With the market the way that it is right now, and rates where they are, it just does not make sense to park funds in a property.

"I'd rather wait if the deal is bad but everyone makes it sound like there is a deal for everyone out there somewhere so I am exploring:)"
There definitely are deals out there. They are just very difficult to find when you are not physically in the location you are looking in.
0 Reply
Greg C.
Member since 2022 · 40 posts · 34 votes
3y
100k is enough to buy a piece of vacant land and develop a cash flowing business like self storage. Check out the commercial part of the forum where knowledgable folks share details on this sort of real estate.
0 Reply
Ekin Turesay
OP
Member since 2023 · 13 posts · 4 votes
3y
Quote from @Greg C.:

100k is enough to buy a piece of vacant land and develop a cash flowing business like self storage. Check out the commercial part of the forum where knowledgable folks share details on this sort of real estate.

Thanks! That is a good idea that I will explore.
0 Reply
Bob S.
Real Estate Consultant · Cleveland · Member since 2020 · 6k+ posts · 3k+ votes
3y
Quote from @Ekin Turesay:

Quote from @Bob S.:

Quote from @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!

I know dozens of investors that live overseas that pay cash about 100kish for a SF with about 1300 in rent, all taken care of PM place. All you need to do is connect with those that provide properties. Heck, I live in FL and do all my business out of state,

Good luck

Would you recommend to start with an SF? I kinda like the MF idea better as I will also need a place to stay. Maybe not the same cashflow but that would be my ideal. What areas would you recommend?

then buy a duplex, I see them all the time for about 110k, all in
1 Reply
Matthew Irish-JonesBusiness Member
Real Estate Agent · Buffalo, NY · Member since 2017 · 2k+ posts · 2k+ votes
3y
Quote from @Ekin Turesay:

Quote from @Matthew Irish-Jones:

@Ekin Turesay. We deal with a lot of out of county investors that can’t get a mortgage. They tend to buy C/D/F class investments and need a lot of cash to do so.
It’s not my favorite kind of investing and is high risk. I would rather be less than a 25% owner of a small equity fund where the general partner is also heavily invested.
That allows you some protection, and gets you into better properties. Just pick the right person to invest with.

Well good news is I can get a mortgage, just not yet. I do not want a deal in a bad area just for the sake of it. You raise a good point (and a new idea) - where do I find those people that I can approach? I know "here" is the answer but is there a community for it?

If you can get a mortgage you are in good shape, because buying a home for the 100K range is going to be tough.
More important than picking the right market is picking the right team. If you get a top notch investor focused agent, they should have an investing team built out for you. It will include an insurance broker, inspector, lender, lawyers, property managers, GC's etc...
There are opportunities to invest with people that run small funds, large funds, REIT's and everything in between. Network with everyone and trust very few with your hard earned Capital!
Irish Jones Realty4.948 Reviews
View Page
0 Reply
Benjamin Sulka
Cleveland, OH · Member since 2022 · 826 posts · 578 votes
3y
Quote from @Bob S.:

Quote from @Ekin Turesay:

Quote from @Bob S.:

Quote from @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!

I know dozens of investors that live overseas that pay cash about 100kish for a SF with about 1300 in rent, all taken care of PM place. All you need to do is connect with those that provide properties. Heck, I live in FL and do all my business out of state,

Good luck

Would you recommend to start with an SF? I kinda like the MF idea better as I will also need a place to stay. Maybe not the same cashflow but that would be my ideal. What areas would you recommend?

then buy a duplex, I see them all the time for about 110k, all in

@Bob S. In what Cleveland areas do you see these $100k all-in duplexes? I'd appreciate any insight. Always enjoy reading your posts.
0 Reply
Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
3y
Quote from @Benjamin Sulka:

Quote from @Bob S.:

Quote from @Ekin Turesay:

Quote from @Bob S.:

Quote from @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!

I know dozens of investors that live overseas that pay cash about 100kish for a SF with about 1300 in rent, all taken care of PM place. All you need to do is connect with those that provide properties. Heck, I live in FL and do all my business out of state,

Good luck

Would you recommend to start with an SF? I kinda like the MF idea better as I will also need a place to stay. Maybe not the same cashflow but that would be my ideal. What areas would you recommend?

then buy a duplex, I see them all the time for about 110k, all in

@Bob S. In what Cleveland areas do you see these $100k all-in duplexes? I'd appreciate any insight. Always enjoy reading your posts.

i have personally seen them on the East side ... I have one left to sell .. never again.
Podcast Guest on Show #222
JLH Capital Partners51 Review
Website View Page
1 Reply
Mark S.
Real Estate Investor · Saint Paul, MN · Member since 2017 · 543 posts · 475 votes
3y
@Ekin Turesay Be very careful about who you take advice from and whether or not they can benefit from giving you that advice. If $100k is all the money you have and you can’t borrow right now, you are really putting yourself in a risky position, sinking it all into one low end investment, based on the little info you have provided. Making money in real estate is not as easy as a lot of people would have you believe. It can be very profitable, but it can also carry a lot of risks.
0 Reply
Bob S.
Real Estate Consultant · Cleveland · Member since 2020 · 6k+ posts · 3k+ votes
3y
Quote from @Benjamin Sulka:

Quote from @Bob S.:

Quote from @Ekin Turesay:

Quote from @Bob S.:

Quote from @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!

I know dozens of investors that live overseas that pay cash about 100kish for a SF with about 1300 in rent, all taken care of PM place. All you need to do is connect with those that provide properties. Heck, I live in FL and do all my business out of state,

Good luck

Would you recommend to start with an SF? I kinda like the MF idea better as I will also need a place to stay. Maybe not the same cashflow but that would be my ideal. What areas would you recommend?

then buy a duplex, I see them all the time for about 110k, all in

@Bob S. In what Cleveland areas do you see these $100k all-in duplexes? I'd appreciate any insight. Always enjoy reading your posts.

Near the Cleveland clinic, or Lee Harvard. I just got one this week all in 75k, will rent for not less than 850/850. I will get 5 more in the next week or so.
Good luck
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Matthew Irish-JonesBusiness Member
Real Estate Agent · Buffalo, NY · Member since 2017 · 2k+ posts · 2k+ votes
3y
Quote from @Jay Hinrichs:

Quote from @Benjamin Sulka:

Quote from @Bob S.:

Quote from @Ekin Turesay:

Quote from @Bob S.:

Quote from @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!

I know dozens of investors that live overseas that pay cash about 100kish for a SF with about 1300 in rent, all taken care of PM place. All you need to do is connect with those that provide properties. Heck, I live in FL and do all my business out of state,

Good luck

Would you recommend to start with an SF? I kinda like the MF idea better as I will also need a place to stay. Maybe not the same cashflow but that would be my ideal. What areas would you recommend?

then buy a duplex, I see them all the time for about 110k, all in

@Bob S. In what Cleveland areas do you see these $100k all-in duplexes? I'd appreciate any insight. Always enjoy reading your posts.

i have personally seen them on the East side ... I have one left to sell .. never again.
I used to buy high risk properties as well as manage them. I will never buy them again, I refuse to manage them, but I will sell them to an investor if the investor insists. I think its bad business, but its not my money, all I can do is provide the analysis.
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Raju BalakrishnanPro Member
Rental Property Investor · Santa Clara, CA · Member since 2016 · 223 posts · 112 votes
3y
I appreciate your sense of urgency, which is essential for wealth building. Using low leverage (aka all-cash) is low risk. The risk is having only one tenant and if they trash the place your investment will go down in value. So if you can buy a decent investment in a decent area, your risk is low and you will get cash flow as it is an all cash deal. But your 100k budget is too low, so you should look at places where you can expect an appreciation, good quality tenants, and are rentable, not to maximize the rents. High rent to price places are generally are not great areas and are low appreciation.
Now to be realistic about portfolio idea, unless you reach a point that you can pull out money by refinancing and reinvest you will not be able to get a second/third property. So either you will have to wait a few years or partner with someone who can use credit in USA. The day you can use credit, you can refi your first property and buy another three approximately. But buying first property which you are abroad itself is a great start, though its not a portfolio or significant cash flow.
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