Overseas Investor

[Mehul Mehta]

I currently live in Dubai and considering buying property in USA. As one can understand it’s a daunting task to select an area out of 52 states. Which state, then county/city and neighborhood?

As I am overseas, I will be dependent on the onshore team to complete a transaction. I want more experienced real estate investor’s guidance, opinions and ideas on how to go about it.

Below are some of the tasks that I am planning to undertake

Finalize a state/county/city/Neighborhood – How to I arrive on an area (GDP, Population, Employment, real estate growth or any other criteria) ? How to finalize a neighborhood? Is there a website where I can get rating (ABC etc.) and how reliable it is? Do I search for more than 1 website?

Search Brokers/realtors – this will again depend on which state/city/county to look

Contractors – For Rehab this will be the most important people. How to find them apart from getting reference from realtor?

Property Management company – How to find a particular area?

Value Estimator – are these independent or from the bank?

Property Software: Do you recommend any software to for searching property, neighborhood and calculating a deal?

LLC formation: and get Employment Identification Number (EIN) and then apply for ITNS. Do you have any recommendation for this?

CPA/Yearly Tax Return filing – need some guidance on this in terms of reliable and reasonably priced.

Lawyer – For drafting contracts or making offer

Title Company – to check the company details?

Inspector: to confirm the condition of the house.

Insurance provider: where to go for getting proper coverage and get competitive rates

Mortgage Broker – I am not sure if they lend to overseas investor?

I am not sure if one needs any other person in the team apart from the above.

I found BP community is not only informative but also very inspiring! I am looking forward to make more partners, friends and share things as I learn it.

[Michael Ibosiola]

@Mehul Mehta

Hello its really nice finally meeting someone from the uae in the forum......i am a newbie just joined BP last week with a mission of becoming an REI. I WISH YOU ALL THE BEST AS YOU GO ON WITH YOUR INVESTMENT.