Foreign investors vs Local investors
Hi all real estate lovers,
I am from one of the most expensive property city, Hong Kong. I am a potential investor for US property and exploring all potentials and risk. I am not sure if I am competing with local investors and if they will welcome me or hate foreign investors. I am planning to invest 2-3 properties at 450 - 700K each including mutltifamily in Seattle area and looking to hold for 8 years +.
Seems like foreign investor has higher down payment (40%), higher interest (30 yrs fix at 5.25%), harder to manage the property. Other than that, seems like everything is the same.
Just would like to see how people think about foreign investor? helping or hurting the market? and would like to social with some international investors and resources as well.
Ken