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

99 views

Most Popular Reply

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

Website View Page

3 Reply

See this reply in the discussion

41 Replies

Jump to latestLatest

Sort by

Malorie Moore
Real Estate Agent · Memphis, TN · Member since 2021 · 88 posts · 50 votes
3y
Good Morning @Ekin Turesay!

Should you put all your 100K into one property? No you shouldnt.

100K right now will get you a property in a lower class neighborhood and you don't want to be in those. That is a higher risk investment for you. You risk higher crime, lower income/ gov't funding, and higher turnover.

Instead, maybe take that 100K as a downpayment and split up to buy 2 properties. This will get 2 properties in your portfolio allowing you to have more of a balance in better areas.

Defiantly do your due diligence on turnkey companies because there are quite a few and they are not all equal. Feel free to message me if you have any specific questions!

Good Luck!

0 Reply
James Hamling
Real Estate Broker · Minneapolis, MN · Member since 2011 · 5k+ posts · 6k+ votes
3y
@Ekin Turesay Doing C/D properties when out of Country is a fool's errand.
C/D is high-input properties. High risk potentials for property damage, and/or ongoing maintenance and cap-x, not to mention high-touch on PM side making for major impact's dependent upon quality of PMc utilized.
Sure, the buy-price and rent potential on paper makes it look great, ON PAPER. But in OPERATIONS of it, that's where you can get bleed to death, by the reality of trying to operate such investment.
This is why ALL my out-country investors are in B+/A/A+ asset's. It lends greatest level of certainty, reliability, lower input's, far-far less "chaos" factor.
Now your budget, and situation, yes it IS slim but going C/D could make it even less. Yeah, cheap get's cheap, keep that in mind. So why not go SMART and STRATEGIC vs cheap?
I would take such a person and situation, and we would target B/B+, and seller financing. Because the issue is the mortgage financing right, so let's attack that issue in the heart, by removing it, via Seller Financing.
Next is limited budget, so we are probably looking at best side doing 2 properties, so we gotta make sure they are 2 dang good ones. Probably looking in a satellite market to a very strong thriving primary market, this generally helps budget wise. And we want "path-of-progress" somewhere market expansion is hitting upon so we have forced appreciation on top of market appreciation.
What I havn't heard in this post yet is what should be a central focus of NOT loosing any $, that's risk tolerance, it need be ultra low. Because you don't have ready financing options to open if need be, so your risk threshold is ultra LOW.
That means it has to be a very good condition property.
With this we can target area, property age grouping, seller type, tenancy base, etc. etc.. See how were narrowing this focus to a laser beam, which will empower to best find what looking for. This is what you need to be doing.
0 Reply
Ekin Turesay
OP
Member since 2023 · 13 posts · 4 votes
3y
Quote from @James Hamling:

@Ekin Turesay Doing C/D properties when out of Country is a fool's errand.
C/D is high-input properties. High risk potentials for property damage, and/or ongoing maintenance and cap-x, not to mention high-touch on PM side making for major impact's dependent upon quality of PMc utilized.
Sure, the buy-price and rent potential on paper makes it look great, ON PAPER. But in OPERATIONS of it, that's where you can get bleed to death, by the reality of trying to operate such investment.
This is why ALL my out-country investors are in B+/A/A+ asset's. It lends greatest level of certainty, reliability, lower input's, far-far less "chaos" factor.
Now your budget, and situation, yes it IS slim but going C/D could make it even less. Yeah, cheap get's cheap, keep that in mind. So why not go SMART and STRATEGIC vs cheap?
I would take such a person and situation, and we would target B/B+, and seller financing. Because the issue is the mortgage financing right, so let's attack that issue in the heart, by removing it, via Seller Financing.
Next is limited budget, so we are probably looking at best side doing 2 properties, so we gotta make sure they are 2 dang good ones. Probably looking in a satellite market to a very strong thriving primary market, this generally helps budget wise. And we want "path-of-progress" somewhere market expansion is hitting upon so we have forced appreciation on top of market appreciation.
What I havn't heard in this post yet is what should be a central focus of NOT loosing any $, that's risk tolerance, it need be ultra low. Because you don't have ready financing options to open if need be, so your risk threshold is ultra LOW.
That means it has to be a very good condition property.
With this we can target area, property age grouping, seller type, tenancy base, etc. etc.. See how were narrowing this focus to a laser beam, which will empower to best find what looking for. This is what you need to be doing.

Thank you, I appreciate the insightful guidance. Makes sense. Will reach out to you to hear more!
0 Reply
Ekin Turesay
OP
Member since 2023 · 13 posts · 4 votes
3y
Quote from @Malorie Moore:

Good Morning @Ekin Turesay!

Should you put all your 100K into one property? No you shouldnt.

100K right now will get you a property in a lower class neighborhood and you don't want to be in those. That is a higher risk investment for you. You risk higher crime, lower income/ gov't funding, and higher turnover.

Instead, maybe take that 100K as a downpayment and split up to buy 2 properties. This will get 2 properties in your portfolio allowing you to have more of a balance in better areas.

Defiantly do your due diligence on turnkey companies because there are quite a few and they are not all equal. Feel free to message me if you have any specific questions!

Good Luck!

Thank you so much about the insight. I kind of agree about not putting all eggs in one basket and also agree about the risk in shady areas. On paper they look good but the more feedback I get the more I think it might not be my cup of tea.
1 Reply
Ekin Turesay
OP
Member since 2023 · 13 posts · 4 votes
3y
Quote from @Mark S.:

@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.

There is so much information out there and the gurus make it sound so easy and risk free. The consensus here is not to put it toward low end properties and that is good insight for me. I am not looking for a quick get rich scheme but want to rather build toward a portfolio.
1 Reply
Ekin Turesay
OP
Member since 2023 · 13 posts · 4 votes
3y
Quote from @Raju Balakrishnan:

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.

Thank you for your take on this! I am not in a rush about building wealth and want to take my time and make smart investments. I just don't want to be one of those people that always postpones plans. So I have this urge to just start while I have capital (albeit small). I will have to invest it somewhere so I though RE might be a good idea. But I also don't want to be foolish and rush into it, possibly making bad decisions.
0 Reply
Greg C.
Member since 2022 · 40 posts · 34 votes
3y
Quote from @Ekin Turesay:

Quote from @Mark S.:

@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.

There is so much information out there and the gurus make it sound so easy and risk free. The consensus here is not to put it toward low end properties and that is good insight for me. I am not looking for a quick get rich scheme but want to rather build toward a portfolio.

I totally get this. Like many other folks, I too got roped in by the gurus. Since that time, I have gone my own way and charted my own path. In your case, you have an amazing opportunity already having 100k in capital. Think deeply about all of your options, and map out where you see your business in 5, 10, even 20 years from now. Also, think about the type of investment that you are interested in. Most people are focused on residential, but there are lots of options out there. I have been getting my start with vacant land flipping (non-wholesale), and have had some early success. There are lots of other options out there besides being a residential landlord on a C/D property. Research more than one, and then you will definitely feel more confident in whatever decision you make.
0 Reply
Benjamin Sulka
Cleveland, OH · Member since 2022 · 826 posts · 578 votes
3y
Quote from @Bob S.:

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

Bob, how is the tenant base in that area?
0 Reply
Benjamin Sulka
Cleveland, OH · Member since 2022 · 826 posts · 578 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.

Jay,
Why never again? Would love to chat about your experience. I've definitely seen some of these cheaper duplexes but they are in areas that I would never live in a million years. I want to house hack my first deal which means the property has to be in an area that I'm actually willing to live.
Cheers!
0 Reply
Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
3y
Quote from @Benjamin Sulka:

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.

Jay,
Why never again? Would love to chat about your experience. I've definitely seen some of these cheaper duplexes but they are in areas that I would never live in a million years. I want to house hack my first deal which means the property has to be in an area that I'm actually willing to live.
Cheers!

Every city has a bad area. East Cleveland is the bad area of Cleveland we do very well in W. Cleveland but your paying quite a bit more. RISK REWARD HIGH risk cheap price lower risk Higher price its the same in every city.
Podcast Guest on Show #222
JLH Capital Partners51 Review
Website View Page
1 Reply
Evan HoppleBusiness Member
Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2023 · 285 posts · 420 votes
3y
@Ekin Turesay
DSCR could be a good option

[email protected]614-924-8151
Reafco Real Estate
View Page
0 Reply
Benjamin Sulka
Cleveland, OH · Member since 2022 · 826 posts · 578 votes
3y
Quote from @Jay Hinrichs:

Quote from @Benjamin Sulka:

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.

Jay,
Why never again? Would love to chat about your experience. I've definitely seen some of these cheaper duplexes but they are in areas that I would never live in a million years. I want to house hack my first deal which means the property has to be in an area that I'm actually willing to live.
Cheers!

Every city has a bad area. East Cleveland is the bad area of Cleveland we do very well in W. Cleveland but your paying quite a bit more. RISK REWARD HIGH risk cheap price lower risk Higher price its the same in every city.

Jay, thanks for you response. I want to invest in West Cleveland where prices are a bit higher but where there is less risk.
0 Reply
Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
3y
Quote from @Benjamin Sulka:

Quote from @Jay Hinrichs:

Quote from @Benjamin Sulka:

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.

Jay,
Why never again? Would love to chat about your experience. I've definitely seen some of these cheaper duplexes but they are in areas that I would never live in a million years. I want to house hack my first deal which means the property has to be in an area that I'm actually willing to live.
Cheers!

Every city has a bad area. East Cleveland is the bad area of Cleveland we do very well in W. Cleveland but your paying quite a bit more. RISK REWARD HIGH risk cheap price lower risk Higher price its the same in every city.

Jay, thanks for you response. I want to invest in West Cleveland where prices are a bit higher but where there is less risk.

Smart man.. folks get blinded by returns and dont realize the risk they take on to get those higher returns that in actuality become negative returns or very poor experiences and or lose capital since the only ones buying in the hood are other beginners or super savvy locals whos day job is to run low end high risks properties and are willing to put up with the drama. For the rest of us lower returns out of the gate in a NICE stable area will do far better over the long run by a country mile.
Podcast Guest on Show #222
JLH Capital Partners51 Review
Website View Page
2 Reply
Benjamin Sulka
Cleveland, OH · Member since 2022 · 826 posts · 578 votes
3y
Quote from @Jay Hinrichs:

Quote from @Benjamin Sulka:

Quote from @Jay Hinrichs:

Quote from @Benjamin Sulka:

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.

Jay,
Why never again? Would love to chat about your experience. I've definitely seen some of these cheaper duplexes but they are in areas that I would never live in a million years. I want to house hack my first deal which means the property has to be in an area that I'm actually willing to live.
Cheers!

Every city has a bad area. East Cleveland is the bad area of Cleveland we do very well in W. Cleveland but your paying quite a bit more. RISK REWARD HIGH risk cheap price lower risk Higher price its the same in every city.

Jay, thanks for you response. I want to invest in West Cleveland where prices are a bit higher but where there is less risk.

Smart man.. folks get blinded by returns and dont realize the risk they take on to get those higher returns that in actuality become negative returns or very poor experiences and or lose capital since the only ones buying in the hood are other beginners or super savvy locals whos day job is to run low end high risks properties and are willing to put up with the drama. For the rest of us lower returns out of the gate in a NICE stable area will do far better over the long run by a country mile.

Totally agree.
0 Reply
Chad C.
New to Real Estate · Atlanta GA · Member since 2023 · 17 posts · 5 votes
3y
Found a lot of great information and advice from this thread. Quick question here, how do you determine an area or neighborhood as B or C, or even class D? Where can I find that out?
0 Reply
James Hamling
Real Estate Broker · Minneapolis, MN · Member since 2011 · 5k+ posts · 6k+ votes
3y
Quote from @Chad C.:

Found a lot of great information and advice from this thread. Quick question here, how do you determine an area or neighborhood as B or C, or even class D? Where can I find that out?

Start here: https://www.biggerpockets.com/blog/defining-asset-classholis...
0 Reply

Join the conversationCreate a free account to reply, vote on answers and follow this thread.