Foreign Investor geting started in the USA rental market

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Foreign Investor geting started in the USA rental market

Carlos Castañon
Rental Property Investor · San Diego, CA · Member since 2020 · 19 posts · 6 votes

Hi all!

I´m entering the real estate market in USA. I currently live in Mazatlan, Mexico but will be moving to San Diego this summer. 

I´ve been a real estate developer in Mexico for the past 20 years but things in my country are not very promising so I decided to turn my sight to USA to invest in real estate. My plan is to start by buying and holding single family properties and then move to multifamily. 

I hace some cash to get started and and even though I´m going to be living in California, decided to make my first investment in Orlando, Fl. 

This because the market conditions in Califoirnia are tougher (prices, low returns) and manly because I have friends that already invested in Florida with very good results. 

Looking forward to connecting with as much people as I can and hoply get some network through biggerpockets.

Best, Carlos

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Guifre Mora
Lender · San Diego, CA · Member since 2019 · 874 posts · 355 votes
6y
Originally posted by @Carlos Castañon:

Hi all!

I´m entering the real estate market in USA. I currently live in Mazatlan, Mexico but will be moving to San Diego this summer. 

I´ve been a real estate developer in Mexico for the past 20 years but things in my country are not very promising so I decided to turn my sight to USA to invest in real estate. My plan is to start by buying and holding single family properties and then move to multifamily. 

I hace some cash to get started and and even though I´m going to be living in California, decided to make my first investment in Orlando, Fl. 

This because the market conditions in Califoirnia are tougher (prices, low returns) and manly because I have friends that already invested in Florida with very good results. 

Looking forward to connecting with as much people as I can and hoply get some network through biggerpockets.

Best, Carlos

 Hi Carlos, welcome to BP. I'm also in San Diego. I have quite a few friends from Mazatlan in SD. 

I'll be happy to connect locally and network, I have local realtors that work in investments across other markets. I'll be happy to introduce you. 

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  • Tina Verstrate
    Investor · Oviedo, FL · Member since 2015 · 47 posts · 14 votes
    6y

    Hi @Carlos Castañon and welcome! I'm an investor here in the Orlando area, as well as a licensed agent. Feel free to reach out if you have any questions!

    0Reply
  • Carlos Castañon
    OP
    Rental Property Investor · San Diego, CA · Member since 2020 · 19 posts · 6 votes
    6y

    Hi @Tina Verstrate! thanks for your response... I actually have a few. I would like to start with distressed properties. You know, trying to buy 70% of ARV... can you help me find something? Do you do propertie management? Know good contractors?

    0Reply
  • Guifre Mora
    Lender · San Diego, CA · Member since 2019 · 874 posts · 355 votes
    6y
    Originally posted by @Carlos Castañon:

    Hi all!

    I´m entering the real estate market in USA. I currently live in Mazatlan, Mexico but will be moving to San Diego this summer. 

    I´ve been a real estate developer in Mexico for the past 20 years but things in my country are not very promising so I decided to turn my sight to USA to invest in real estate. My plan is to start by buying and holding single family properties and then move to multifamily. 

    I hace some cash to get started and and even though I´m going to be living in California, decided to make my first investment in Orlando, Fl. 

    This because the market conditions in Califoirnia are tougher (prices, low returns) and manly because I have friends that already invested in Florida with very good results. 

    Looking forward to connecting with as much people as I can and hoply get some network through biggerpockets.

    Best, Carlos

     Hi Carlos, welcome to BP. I'm also in San Diego. I have quite a few friends from Mazatlan in SD. 

    I'll be happy to connect locally and network, I have local realtors that work in investments across other markets. I'll be happy to introduce you. 

    1Reply
  • Tina Verstrate
    Investor · Oviedo, FL · Member since 2015 · 47 posts · 14 votes
    6y

    Orlando margins tend to be much tighter than that, but I'm sure there is an investment property with your name on it around here!

    0Reply
  • Charles Carillo
    Rental Property Investor · North Palm Beach, FL · Member since 2018 · 2k+ posts · 1k+ votes
    6y
    @Carlos Castañon


    Welcome to BP! We work with a number of foreign investors and can introduce you to a lender that works with foreign investors for residential and commercial properties. Pm me and I will introduce you.

    0Reply
  • Carlos Castañon
    OP
    Rental Property Investor · San Diego, CA · Member since 2020 · 19 posts · 6 votes
    6y

    tks a lot @Charles Carillo, I would appreciate if you introduce me to some lenders so I can start exploring possibilities. 

    Best. 

    1Reply
  • Charles Carillo
    Rental Property Investor · North Palm Beach, FL · Member since 2018 · 2k+ posts · 1k+ votes
    6y

    @Carlos Castañon

    Please send me a PM.

    1Reply
  • Lien VuongBusiness Member
    Real Estate Agent · Boston, MA · Member since 2018 · 2k+ posts · 1k+ votes
    6y

    Welcome to the BP community! Have you checked out the local Events section of the site? Would be a great way for you to connect with people!

    [email protected]
    The Elle Group5152 Reviews
    WebsiteView Page
    0Reply
  • Carlos Castañon
    OP
    Rental Property Investor · San Diego, CA · Member since 2020 · 19 posts · 6 votes
    6y

    @Lien Vuong

    Tks a lot Lien. I would defínitely will check.

    Best.

    0Reply
  • Nicolas Dib De Castro
    Lender · San Antonio · Member since 2020 · 15 posts · 5 votes
    6y
    Originally posted by @Carlos Castañon:


    Hi Carlos, we can help you, we have Hard Money Loans in Florida and Texas, have great products, and can do Foreign Nationals.

    0Reply
  • Kai Kopsch
    Real Estate Broker · Charlotte, NC · Member since 2016 · 569 posts · 351 votes
    6y

    Welcome to the forum @Carlos Castañon! 

    Congrats on joining a fantastic community where you can collaborate, expand and network!

    0Reply
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