Select a State · Member since 2010 · 26 posts · 7 votes
Hi,
I own one sfr in Gilbert, AZ. I have about 200k in cash and want to invest again in Phoenix. The problem is I work overseas, so even though I am an American and have a decent income it’s hard to get a loan. Any ideas would be appreciated.
Rental Property Investor · Houston, TX · Member since 2017 · 529 posts · 467 votes
5y
Consider passive investing like I do. No loan qualification and the rates of return are the same or higher. My group has operator/syndicators that you could invest with. We bought over 1200 units in the last few months and 2021 is going to be even better.
Rental Property Investor · Smyrna, GA · Member since 2018 · 974 posts · 645 votes
5y
Hi @Glen Rosen, you could open an LLC and then invest through the LLC, that should work when working with a portfolio lender or local credit union. You could also be the money partner with someone on the ground in Phoenix.
San Diego, CA · Member since 2020 · 150 posts · 54 votes
5y
Hey Glen,
Try looking for Turnkey companies they usually help you with that, just be careful where to invest or who you join. Syndications also could be an option for property investments.
Rental Property Investor · Houston, TX · Member since 2017 · 529 posts · 467 votes
5y
Consider passive investing like I do. No loan qualification and the rates of return are the same or higher. My group has operator/syndicators that you could invest with. We bought over 1200 units in the last few months and 2021 is going to be even better.
If you buy more SFH, you're buying yourself another job. You always have to manage the property manager. If you want the perks that come with real estate without the hassle, you may want to read The Hands-Off Investor: An Insider's Guide to Investing in Passive Real Estate Syndications.