Updated 5 days ago on . Most recent reply
Foreigner M23 looking to DSCR in Indianapolis
Hi everyone!
Glad to finally join and start contributing.
Quick intro: I'm a 23yo Frenchman, college dropout and digital nomad since 19. I run a marketing/SEO microservice through a US LLC. I bought my first property at 19 in Dijon (France), 100% financed over 15 years, already ~30% paid down, entirely by the tenant.
My net worth is around $80k today. As a young European (europoor 😆) with no outside help, I'm proud, yet nothing is granted for the future.
The nomad lifestyle (low cost of comfortable living + low taxes) lets me save ~$5k/month, and I want to put that capital to work in US real estate, starting in Indianapolis.
Why the US:
- Running my business on a US LLC, I saw firsthand how strong your banking and credit infrastructure is once you're past the entry hurdles.
- DSCR financing lets a foreign national like me leverage into property more easily than anywhere else in the world.
- I don't plan to live in the US, but I want to deepen my financial roots there. For capital growth, I don't think there's a better place.
- My online business won't last forever in its current form, so I want to convert today's cash flow into hard assets while I can. BRRRR + reinvesting ~$50k/year feels like my fastest realistic path to a serious net worth.
Why Indianapolis:
- Red state (I assume landlord friendly), strong rent-to-price ratios (0.9%), low vacancy, recession-resilient economy (logistics, biopharma, manufacturing).
- Affordable enough that a DSCR down payment is within my reach, with the lower-priced tier holding up well on appreciation.
Where I'm at: taking my time and doing the homework before I move. Right now I'm specifically looking for a B-class-focused property manager in Indianapolis with experience managing for out-of-country owners. That's the piece I see as my biggest risk as a remote investor.
I want to close my first US DSCR within ~6 months, then do a new one every year, as long as my business runs. It seems to be the best way to reach a million net worth someday, in a decade or two.
I will be happy to read your feedbacks, positive, critical, or (best of all) practical. If there is an Indy PM you'd recommend or warn me about, feel free to share (if you are affiliated, please disclose it). If a foreign DSCR investor reads me, please reach out. Thanks all for reading!