All Forum Posts by: David Traeger

If you are looking for a solid, low-cost of entry, 2%+ buy and hold market I would suggest Milwaukee WI.  This is NOT a market for appreciation, however cash flow is king in this market. 

Reach out via PM please.

Thanks for the welcome and feedback guys. Any Aussies out there who have any info on how to structure their investments ie trusts, LLCs, where the LLC should be located, tax accountants to use, if and how to setup a US bank account (heard this is hard and not sure if really necessary), etc etc. I've listened to several podcasts detailing some of this but would love to hear from actual investors who aren't necessarily pushing their own business.

Cheers,

Suvir

Hard money lenders look at your experience more than anything given that each loan they originate is secured by the subject property their money is used to buy.

A lot of them won't even look at your credit if you close the loan under an entity (such as an LLC) but your rate will very much be influenced by the fact that you don't have any experience.

What is your legal status within the US? Because although there are programs that will lend to foreign national, the down payment they require is up there. 30% ish sometimes.

Let me know if I can help you!

@Sameer Jain Thanks for sharing your situation.

I would say that the key challenge when investing in SFRs (especially in the Bay Area market) other than the valuations are the actual management of these properties. How are you currently managing your rental condos?

Agree with other posters on here who suggest that from a return-oriented perspective, there are lots of very attractive multifamily investment opportunities, even here in the Bay Area in otherwise low-cap-rate-markets. I have worked with several real estate agents/brokers putting together multifamily deals in the 5%+ cap rate range. Let me know if you'd like to discuss further.

IM