International investor - buy and hold strategy
Hi everybody
I am investing from abroad (non-resident, not US citizenship), and looking into a buy and hold strategy, focused in a single area (not sure if this is smartest) and on rental properties.
Since I am starting out (this is my first property investment), I am looking for turnkey rental properties, and my hold period will be at least 10 years. My initial investment (cash) will be $60-100k, and my own idea was to search for areas with properties that could sustain a minimum 10% ROI and are cash-flow positive, where the risk is minimized. I am open to also financing the properties, if that would make more sense. I will every year be able to invest more cash (from other investments) into properties (about $40k yearly).
How would you go about the process - what partners would I need to get this up and running, which areas, what type of properties ?
I hope you can all chip in.
Thanks.
Regards,
J. Ronberg