foreign Investor from Israel - first deal in Milwaukee- duplex

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foreign Investor from Israel - first deal in Milwaukee- duplex

Felix Baigel
Investor · San Diego · Member since 2016 · 18 posts · 4 votes

Hello,

My name is Felix I am looking for a good market.

I have 70k-100k liquid and am looking for a key people that will help me.

I am currently living in Israel and the ROI here is pretty low (4-5% if you get lucky )

with the numbers that I have you could buy one that can produce that return,

- My goal is to get involve into multi family  .

- I have a syndicator that promotes deal's in Milwaukee market, looks good the return is 10% after expanses and we doing the deal all CASH I think the only problem is that I am don't is it's a good idea to leave the funds for at least 5 years in this market 

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Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
9y

@Felix Baigel  so your thinking a 50k duplex in the US is a smart investment and a safe investment ?

you should come look before you leap  :)  those will be in very rough areas rarely perform like they show on paper.. never go up in value and just are really only appropriate for locals who live there and watch them like a hawk.. tenant base is just too tough to manage from afar.. but you won't know until you try it I guess.

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  • Shawn AckermanPro Member
    Real Estate Entrepreneur · Mid West, East Coast · Member since 2015 · 3k+ posts · 1k+ votes
    9y

    @Felix Baigel How is your search going?  Did you set up the call yet?  I don't see anything on my calendar.

    0Reply
  • Felix Baigel
    OP
    Investor · San Diego · Member since 2016 · 18 posts · 4 votes
    9y

    Calling right now :)

    0Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    9y

    if you can get 5% at home why chase something around the world that probably at the end of the day won't do much if better....

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    1Reply
  • Felix Baigel
    OP
    Investor · San Diego · Member since 2016 · 18 posts · 4 votes
    9y
    Originally posted by @Jay Hinrichs:

    if you can get 5% at home why chase something around the world that probably at the end of the day won't do much if better....

     because with 50k USD you can't do much here ,

    You can be qualified for a conventional loan and the bank might give you 75% from the appraisal of the asset.

    than I can't use it as a collateral for other loan.

    gutting a renter that pays mortgage for 30 years just to get an asset of 300k USD doesn't sounds attractive to me .

    0Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    9y

    @Felix Baigel  so your thinking a 50k duplex in the US is a smart investment and a safe investment ?

    you should come look before you leap  :)  those will be in very rough areas rarely perform like they show on paper.. never go up in value and just are really only appropriate for locals who live there and watch them like a hawk.. tenant base is just too tough to manage from afar.. but you won't know until you try it I guess.

    Podcast Guest on Show #222
    JLH Capital Partners51 Review
    WebsiteView Page
    2Reply
  • James WachobBusiness Member
    Real Estate Broker · Memphis, TN · Member since 2015 · 1k+ posts · 895 votes
    9y
    Felix Baigel congrats! Have you visited Memphis?
    0Reply
  • Felix Baigel
    OP
    Investor · San Diego · Member since 2016 · 18 posts · 4 votes
    9y

    @Jay Hinrichs

    Lol, I think all investment are risky that's the reason why I am asking over here and also doing homework on the area , we have a few people from Israel that are investing there and and seems very good but I look for more knowledge and confidant on people ,

    We have here investors that looking to invest in my area and I want to help by being the example.

    Thank you for the reply. 

    0Reply
  • Felix Baigel
    OP
    Investor · San Diego · Member since 2016 · 18 posts · 4 votes
    9y

    @Tom Kaider

    I would like to say thanks for the big help.

    0Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    9y

    @Felix Baigel  my partner that does turn key reviews owns about 80 doors in Milwaukee

    @Brie Schmidt  you may want to tag her as well ... 

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    0Reply
  • Felix Baigel
    OP
    Investor · San Diego · Member since 2016 · 18 posts · 4 votes
    9y

    @Jay Hinrichs

    Thanks for the direction, I will check it out. 

    0Reply
  • Felix Baigel
    OP
    Investor · San Diego · Member since 2016 · 18 posts · 4 votes
    9y

    @James Wachob

    No I haven't,

    I will check it out,

    Any good deals ? for buy & hold ? ( areas , neighborhoods)

    price range of 50k-100k 

    priority for more than 1 door. 

    1Reply
  • Michael Henry
    Real Estate Consultant · Brookfield, WI · Member since 2014 · 873 posts · 350 votes
    9y

    @Felix Baigel  - When investing you want to create an investment timeline which involves your exit strategy. Most long-term real estate investment includes a time frame of 3- 5 years. You don't want it shorter because this is the normal time from to stabilize the investments. This is why for larger investments the buyer asks for  3 years of the seller's tax return. Most are not longer than 5 years because you only can predict accurately within this time frame. Think of it like a weather forecast, the longer out the more likely the weather will be different.  

    The point is, no matter what market you go into your funds will be invested for this time frame or you will risk taking losses. 

    0Reply
  • Ian WalshBusiness Member
    Lender · Philadelphia, PA · Member since 2016 · 2k+ posts · 1k+ votes
    9y

    We see this a lot in our Philadelphia market.  Spend the time to learn the players on the teams.  The best overseas investors will fly to their city and know who they are dealing with.  

    0Reply
  • Rebecca KnoxBusiness Member
    Specialist · Milwaukee, WI · Member since 2014 · 1k+ posts · 1k+ votes
    9y

    Hi Felix, 

    I agree with Ian. Spend time researching and prospecting the potential markets you would be interested in and then try to visit the city. As an offshore investor, it will be important to structure a local team that you trust and can depend on but also it's a good idea for you to understand the numbers and be able to analyze the deals yourself to ensure you are getting the best deals possible. This requires proper vetting, verification and interviewing of any potential partners. I would suggest that once you have some markets narrowed down, your first interview should be with property managers as they will have many of the other REI resources you require but again, I'd strongly urge you to interview and verify their capabilities from other local references.

    Good luck in your REI adventures.

    Captain Save-A-Home LLC
    WebsiteView Page
    0Reply
  • Tom Ott
    Equity Raiser and Turnkey Provider · Cleveland, OH · Member since 2016 · 4k+ posts · 1k+ votes
    9y
    Originally posted by @Felix Baigel:

    Hello,

    My name is Felix I am looking for a good market.

    I have 70k-100k liquid and am looking for a key people that will help me.

    I am currently living in Israel and the ROI here is pretty low (4-5% if you get lucky )

    with the numbers that I have you could buy one that can produce that return,

    - My goal is to get involve into multi family  .

    - I have a syndicator that promotes deal's in Milwaukee market, looks good the return is 10% after expanses and we doing the deal all CASH I think the only problem is that I am don't is it's a good idea to leave the funds for at least 5 years in this market 

     Sounds like you have a good plan going. I am sure you will find someone to connect with on here.

    0Reply
  • Alex Khodnev
    Investor · Israel · Member since 2016 · 35 posts · 6 votes
    9y

    @Felix Baigel 

    Hi Felix!

    Here is just my 5 cents:

    1. You should always do YOUR OWN due dilligence on every property in US you looking at.

    2. You should NEVER believe to anyone promising you "garanteed return". Every RE investment is a risky business and there is never a garanteed return. 

    Feel free to ask me anything you need in PM.

    Good luck! ;-)

    1Reply
  • James WachobBusiness Member
    Real Estate Broker · Memphis, TN · Member since 2015 · 1k+ posts · 895 votes
    9y

    @Felix Baigel what is your email?

    0Reply
  • Felix Baigel
    OP
    Investor · San Diego · Member since 2016 · 18 posts · 4 votes
    9y

    @James Wachob

    Check my profile 

    Thanks 

    0Reply
  • Felix Baigel
    OP
    Investor · San Diego · Member since 2016 · 18 posts · 4 votes
    9y

    @Michael Henry

    Glad to hear from you.

    thanks for the info.

    0Reply
  • Felix Baigel
    OP
    Investor · San Diego · Member since 2016 · 18 posts · 4 votes
    9y

    @Alex Khodnev

    thanks for the info.

    Will do.

    Glad to see that that I am not alone here.

    0Reply
  • Felix Baigel
    OP
    Investor · San Diego · Member since 2016 · 18 posts · 4 votes
    9y

    @Rebecca Knox

    Thank you for the info.

    0Reply
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