New foreign investor making a start in the US
Hello Bigger Pockets, I am an expat looking to start investing in the US, I've been listening to bigger pockets for some time now and I feel like i am just about ready to buy my first property. I have my deposit and pre approval with a couple of lending companies. I was just hoping there might be some foreign investors in the South Florida area that might have any advice or be kind enough to help me avoid any pitfalls. Open to investing anywhere in the US, I thought I would start in Florida, I am wanting to buy single family and multi family homes that cash flow and to set myself up for a future where I don't have to work 16 hour days. Any advice will be greatly appreciated.
That is great to hear! A couple of my partners are foreign and actively and passively invest in the US. There are a few additional steps most foreign investors take when getting setup to invest in the US. It really is not a very difficult process but will take a little longer. DM me if you want to discuss your specific investing criteria.
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Real Estate Agent Florida (#SL3473500)
- Global Investors Podcast
- https://harborsidepartners.com/commercial-real-estate-podcast/
If you can, find some local networking groups and join them. Meetup.com is a great source in many areas. Many networking groups have gone online, and you can still make connections that way.
Well done Erin and good luck. I recommend listening to @Charles Carillo podcast, especially regarding legal and tax setup to maximize efficiency and minimize risk. Otherwise, BP is a great source for building your team, mainly realtor and property manager (PM). As some who invest long distance, i've learned to focus my BP attention on connect with a good realtor and PM and then use their connections to complete the crew: insurance broker, title company, contractor, handyman etc--finding all those people will take a lot of your time.
Hi Erin,
I've just written a blueprint for getting started, based on what has worked for me over the past year. You can see it here: https://www.biggerpockets.com/...
@Erin Wilks
Hello Erin
If you want to have a chat please DM me.
Thanks
Nalin