Newbie to the US, and new to US real estate

Newbie to the US, and new to US real estate

Specialist · Arizona/California · Member since 2019 · 28 posts · 8 votes

Hi everyone!

I heard about this wonderful forum from the BP podcast, which I have begun to thoroughly enjoy. 

Little bit about me; born and raised in the UK, first employee for a tech start up from Ireland, grew the Sales team to delivering 6-8 million ARR across multiple regions. Recently migrated to the US to grow the operation here, however, due to a few recent changes in the organization I'm likely going to be leaving the next 3 months with a significant lump sum. 

Tech has never really been my passion but, I adore sales, selling and generally seeing a business/operation grow. That really is my passion! Over the last 8 years I've dabbled in real estate in the UK, and currently own three properties, and have flipped a house and now seeing as the US in my new home, I want to learn to do it here. 

Practically speaking, I need to wait for a few things to happen namely, before I can borrow money I need permanent residency (Green card) which all being well will happen in the next 4-6 months. 

In the mean time, I am here to learn as much as I can, I'm an avid reader/listener, so any books/podcasts/blogs etc that you can point a newbie to, please just let me know! 

Also, I've grown/closed multimillion dollar producing sales teams/deals, so I'd like to feel I am well qualified in that particular field so if any wanted advice on anything from lead gen/cold calling/sales cycles I'd be more than happy to help! 

Thanks for reading :) 

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Rental Property Investor · San Diego · Member since 2019 · 109 posts · 87 votes
7y

Welcome to the States, @Tom Port. One thing that stood out in your initial post was the thought that you need to have a Green Card in order to borrow money. That is probably true if you're only thinking of borrowing in the traditional sense from a bank or credit union. There are tons of other ways to raise capital/structure deals that you could begin to explore immediately. 

I just read @Brandon Turner's book on Investing in Real Estate with Little (and No) Money Down. Really eye-opening in terms of the limiting beliefs I had regarding ways to finance deals. 

You can pick it up in the Bigger Pockets bookstore... 

https://www.biggerpockets.com/store/no-money-down-...

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  • Rental Property Investor · RVA · Member since 2016 · 5k+ posts · 4k+ votes
    7y

    Hi Tom! Where in the US will you be investing? Reed Goossens' podcast Investing in the US is great. He's an Aussie apartment investor living in California, and he talks about US real estate from an international perspective. Great dude.

  • Specialist · Arizona/California · Member since 2019 · 28 posts · 8 votes
    7y

    Hey Taylor, 

    To be honest, I am not entirely sure, I live principally in Az, but I commute to spend time with my fiancé in Monterey CA most weekends. 

    I am debating whether to try and keep it local and look at Az (Tucson/Phx Areas) versus looking at long distance investing. I am looking for long term cash flow positive investments as opposed to buying somewhere in CA with the hope that the property will appreciate wildly. Any tips for picking markets would be highly appreciated mate! 

  • Realtor / Attorney · Phoenix, AZ · Member since 2018 · 388 posts · 265 votes
    7y

    Welcome! Happy to answer any questions I can about the Phoenix market! 

  • Member since 2019 · 11 posts · 10 votes
    7y

    @Tom Port

    Welcome Tom, and welcome to Az. I’m a Tucson native, how do you like the heat? Let me know if you need anything here in Tucson, I’ve got plenty of phone numbers!

  • Specialist · Arizona/California · Member since 2019 · 28 posts · 8 votes
    7y

    Hey @Joe H Watson

    Thanks for the offer mate, I have an apartment downtown Tucson I'd love to get a feel for the market. So I may just take you up on that offer!

  • Rental Property Investor · San Diego · Member since 2019 · 109 posts · 87 votes
    7y

    Welcome to the States, @Tom Port. One thing that stood out in your initial post was the thought that you need to have a Green Card in order to borrow money. That is probably true if you're only thinking of borrowing in the traditional sense from a bank or credit union. There are tons of other ways to raise capital/structure deals that you could begin to explore immediately. 

    I just read @Brandon Turner's book on Investing in Real Estate with Little (and No) Money Down. Really eye-opening in terms of the limiting beliefs I had regarding ways to finance deals. 

    You can pick it up in the Bigger Pockets bookstore... 

    https://www.biggerpockets.com/store/no-money-down-...

  • Specialist · Arizona/California · Member since 2019 · 28 posts · 8 votes
    7y

    Thanks for the recommendation @Kyle Smith I'll pick it up. 

    However, I should (fingers crossed) have my GC before the end of the year!

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