All Forum Posts by: Daniel Ryu

Sure.. I'll PM you a link.

Thanks.

@Mark B.

Hi Mark. Welcome to BP. As a former "lurker," I know that feeling of transitioning to participating in the community. ^^

Quick Tip:

If you want to reference someone in a thread, use the "@" key and a bunch of names will appear below your comment box - people who have commented as well as whoever is your colleague. Or you can use the Quote button. The difference is if you do that, the person will receive an alert that their name is mentioned. Sometimes the @ key doesn't work so well though ^^

@Dan Baker mentioned the Tokyo Community. Here's a thread that many have contributed to:

https://www.biggerpockets.com/forums/76/topics/204...

(You can also set up keyword alerts for 'Tokyo' to get updated anytime someone mentions Tokyo in a forum.)

By the way, I'm not in Tokyo but I'm investing from Seoul, South Korea. I help organize a meetup out here - the website is in my signature. I believe one of our members is also investing in Seattle. On our site you can see interviews with former BP guests who have Skyped in to do a virtual Q&A.

We also have a closed FB group where overseas investors like our members chat about different investment opportunities, share resources, etc. It's one way to network with others. 

I wrote a long blog post about doing due diligence from abroad. Looks like you already have your area scouted out, but if you're interested in some of the tools I used:

https://www.biggerpockets.com/blogs/6526/blog_post...

I spoke to an investor in Hong Kong about potentially doing a joint meetup someday - have someone virtually talk to both our Korea group and his group at the same time. Maybe we can also have the Tokyo people involved as well. Since we're all in the same time zone, it might make sense. 

(By the way, our group is not a sales funnel nor do we push other people's products, although our members do end up working with some of our guests).

Alright.. much luck to you! Feel free to reach out anytime. And if you or any of the Tokyo members are ever visiting Seoul, let us know. We can set up a dinner or something like we're doing for @Pyrrha Rivers when she visits during the Thanksgiving Weekend.

Always nice to expand your international networks ^^

@Engelo Rumora

Yep.. got to keep moving on up.. cue that Jefferson's music ^^

@Jacob Blackett

People were very impressed with the presentation!

Thanks for staying on for so long. 

I hope you were able to rest up on Sunday ^^

Hi BP Members!

A shout out from Seoul, South Korea, where a group of overseas and international investors have been able to create a strong and thriving community out here thanks to the support of BiggerPockets.

If you've never heard of our group, check out some of our past posts:

https://www.biggerpockets.com/forums/223/topics/24...

https://www.biggerpockets.com/forums/223/topics/23...

https://www.biggerpockets.com/forums/223/topics/22...

While the Seoul REI Members have always been big believers in technology, this month we took it to a whole other level by broadcasting our Meetup LIVE via Periscope!

Our guest this month is also a big believer in technology: @Jacob Blackett

His company, Holdfolio, allows investors from anywhere to invest in his portfolio via a crowdfunding platform he and his partners have set up.

Jacob was kind enough to spend over an hour of his time telling us his story. He ended with some great words of advice that we wholeheartedly endorse - if you want to succeed in real estate, you need to connect with the right people!

If you look at us over time, you'll see that our group has grown from 3 people meeting for coffee to 355 as of our last count. 

We went from organizing our group through emails to setting up a website, a FB page, a FB group, a twitter account and now a Periscope account.

We've managed to network with great BP speakers including @Ben Leybovich, @Brandon Turner, @Joshua Dorkin, @Chris Clothier, @Engelo Rumora, @Ali Boone, @Matt Faircloth, @Mark Shaffar

There are a ton of reason why you can't get started in real estate:

* No money

* No networks

* No experience

* No credit

* Too young

* Too old

ADD to that list:

* Living 6,000 miles away from where you'd like to invest

* Not speaking the language of the country you want to invest in (for our investors investing in Korea)

But it's amazing what can be accomplished when you stop focusing on what's stopping you and start working out solutions. 

For us, that included using all the tools available on the internet: Skype, Hangout, Google Maps, Zillow, etc, and of course, the best tool of all - BiggerPockets - to start to build networks with other investors.

Those networks have lead to:

* A field trip to look at Korea properties owned by two of our members

* Connecting with overseas professionals to invest in turnkey properties

* Building partnerships with overseas investors

* And even buying and selling a property via Facebook ^^

It doesn't matter where you're starting at in real estate investing - just find a way to add value to other people. Do that, and you'll start to see yourself overcoming obstacles you never thought possible.

And that to us, is a true success story.

Thanks!

(Oh.. and if you'd like to see a replay of the event, just message me or leave a comment and I'll send you a link to our FB community where we have the replays available. The content is over 1 hour and half of great educational content, excellent for newbies who are wondering how to do due diligence as well as experienced investors wanting to gain more insights into crowdfunding platforms.)

You mean Dan, right?? ^^

No problem. Welcome to BP and feel free to reach out anytime.  

@Karin U.

Yeah. I've found that forum very useful. I run a meetup out here in Korea - overseas investors and expats like me. It's been great connecting with others in my shoes to help share resources, etc. If you're interested in joining our closed FB group, check out the website in my signature. There's a link. Or you can message me.

By the way -  a little BP tip: If you type the "@" sign, the people's name in the thread (or your colleagues) will appear at the bottom of your reply box. Choose that person's name and they'll be alerted to what you say.

Sometimes it doesn't work so well, so you can just press the quote button next to the comment and that will recopy the entire post including the person's name.

Good luck with everything!  And here's an interesting article on China that I recently posted on our FB page:

http://davidstockmanscontracorner.com/the-red-tide...

Hi Karin,

I'm an overseas investor (living in Korea, investing in the US), but I'm a citizen so I don't have a specific answer for you. I have attended workshops on entity structure so I do know that foreigners have to think about that and tax implications, etc.

Here's a forum on BP where you might find your answer:

https://www.biggerpockets.com/forums/77-foreigners...

Hope it helps! 

Hi Steve,

I live in Korea and I invest in the US. I help run a meetup of other investors who are 'location' independent called the Seoul REI Meetup (although many of our members also invest in Korea).

If you're looking to connect with others who are living in one place and investing in another, feel free to take a look at the website in my signature and join our closed FB group. It's all free info.

As someone that lives in another country, one advantage you have is a Foreign Income Exemption which means if you're paying taxes in one country, you likely won't have to in the US. (Real Estate income would be different since you're earning that income in the US). I'm no expert in taxes but that's one reason why some people choose to live abroad and earn money abroad. That's not my particular reason but it's nice as other countries tax burdens might be less than what you pay in the US.

I've been to Thailand several times - it's a beautiful country. And your cost of living would certainly be a lot less than living in the US.

I'd consider doing the same thing but I have two kids - and I don't want to pay the expensive foreign school fees that I would have to if I lived in Bangkok, so eventually I'll return to the US.

Check out the Sovereign Man website for more info on expat living. He talks a lot about alternative ways to live and invest.

By the way, some of the expats out here in Korea think about retiring to Thailand or the Philippines. I met one 'lifer' in Korea who taught for 30 years and then built his own house in the Philippines and goes back and forth between the two countries, teaching about 6 months of the year, and then relaxing for the other 6 months.

@Karen Margrave

The universe works in mysterious ways!

Thanks for the PM. I'll check it out soon. 

I have the same problem with my BiggerPockets Inbox from time to time - the scroll functions doesn't work well. 

Hope all is well in the OC. 

Take care ^^

Hi Karen..

Interesting about the drop in foreign investors. As someone living in Korea and keeping up with the news, I know that China is having problems and since China is Korea's biggest trade partner, that affects the Korean economy.

I was listening to an analyst talk recently about the Chinese economy and how there's more capital flight as the Government cracks down on 'anti-corruption laws' and has jailed a few prominent investors. The theory he put forth is that the instability is leading to the wealthy to find safe havens in foreign markets to park some of their assets and real estate in markets like CA, NY, etc, fit the bill.

Anyways, I didn't know about the drop off in foreign real estate investments in CA.

As organizer of the Seoul REI Meetup out here, I like to keep our investors up to date on issues such as that.

Do you have an article reference by any chance?

Or is that based more on your experiences?

Thanks!