All Forum Posts by: Daniel Ryu

I'm meeting with the organizers tomorrow to plan out our Nov events.

I'll have a better sense after that.

I'll email you ^^ 

 Cool! Welcome aboard ^^

There's a free analysis spreadsheet that we created for our members & some posts on when to sell as well as a sample due diligence board you might like.

See you in Nov!

@Peter Payne

Hi Peter!

Welcome to BP. There's actually a lot of BP investors who live in Tokyo. Here's a thread if you're looking to connect with any:

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

@Brian Lacey and I are also a part of the same meetup out here in Korea. (check out the signature below)

I helped start the group last year and we now have over 330 members and closed FB group. We live broadcast our last meetup and if you're looking to connect with other investors investing and managing properties from overseas, then feel free to reach out and connect!

Take care and best of luck ^^

I didn't know about the international interest. I forget how I met Matthew but it wasn't specifically to learn about the Indy market. Glad to hear that it seems to be doing well esp since international investors seem to be more drawn to bigger cities like LA, NY, etc. 

Thanks for the comment.

Wow.. thanks for the invite! I'd love to visit someday. Not sure when, but meeting up with fellow BP-ers and learning about local markets is always a lot of fun.

I appreciate that!

It's coming here in Korea too. ^^

Though I don't think we'll have it quite as bad!

Thanks for your support and stay warm!!

Hi Derek!

When I first got started, I admit - it was a bit overwhelming. 

I've been in business several years, but real estate presented a whole set of new challenges. I like you, am also overseas, so it wasn't like I could join the local REIA.

From my experience, it's good to be very focused with your time. It might be unavoidable to feel yourself pulled in many different directions - wholesaling, buy and hold, flipping, notes, etc. I admittedly looked at all of them before I decided SFR under $100K would be my target for my first investment.

To make progress, I'd say get a good organizational system in place. Otherwise, you'll be reading so much and networking and then forgetting who you met, what you learned. And you might get tired and frustrated. I use Scrum methodology for organization and a program like Wunderlist or Trello to keep track of my daily tasks, weekly goals. 

I also take notes and store them from most every contact I meet. 

Having that basic org system then allows me to be more deliberate and focused. 

Then I'd say - create a goal - a tangible goal of what type of investment you'd like to do. The more specific the better. 

Ex:

A SFR ranch style 3/2 under $150,000 that rents for $1,200 /month.

This will depend a lot on your farm area and networks you build. 

In the beginning your goal might be to set a goal. You can give yourself time to do that by focusing on reading, listening to BP podcasts, and buying a few books. 

Each week review your progress. Write up a report to yourself. Think of yourself as consulting for you. What was your deliverable for this week on Project Getting Started in REI.

Make sure you make networking with other investors at least once a week part of your routines. 

I've got more I could say but I gotta run now - dinner ^^

Anyways, I wrote about how I found a market to invest in while living in Korea for my BP Blog:

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

I hope it helps. The process I used worked out well - our house has gone up over 50% in 6 months. 

I have a few other posts that might help as well on the blog or the website in my signature. 

Good luck and reach out anytime. 

(& yes, I do use this process myself. It landed me two partnerships and a few real estate related business opportunities- all while living out here in Korea) 

And if you'd like to join our FB group of overseas investors, let me know and I'll send you a link. 

He is. Thanks for posting. 

Hope Indy is treating you well ^^

Good Morning, BP Investors in the US and Good Evening to the BP-ers closer to where I live.

While most of you are just starting your day, out here in Korea we're just winding down ours. (Of course, we're in your future, so if you have any questions about what will happen tomorrow, just ask! ^^)

I just wanted to update with one last photo - as I mentioned in this thread we were fortunate enough to have fellow BP investor, @Matthew Schroeder visiting from the US. 

We decided on Thai food for the night in the trendy new area of Seoul - Kyungridan. What was once a seedy area that most Korean avoided (and was primarily US military and expats) has now become one of the hotspots in Seoul, with tons of new restaurants and bars popping up. In the area, you can see residential being converted to commercial to capitalize on this new found economic development and having seen the 'change' happen firsthand, its truly remarkable how far the area has come (and how much the land prices have risen!)

We had a few beers and enjoyed some great Thai food. I had forgotten that our US guest would be visiting Thailand soon in the future.. (I probably could have chosen his last dinner in Korea a little more carefully ^^)

Taste of Thailand - Kyungridan

We had a collection of Seoul REI Members as well as a local restauranteur / celebrity that Matthew new from his college days.

Our conversation centered around:

* How to use banks to transfer money back and forth between the two countries

* Setting up an LLC while living outside the country

* The best entity structure for non US citizens when investing in the US

* The local Korean markets and the highly leveraged "Junse" strategy of investing (see my BP Members blog for more articles on that)

* Gold as an asset and different types of gold-based account (bottom line on this - Make sure your bank actually has the gold!)

* The "Hong Kong-style" of real estate investing (hint: no one's selling anytime soon)

* The worst neighborhood in Indianapolis

* Denver and Jacksonville appreciating and markets

* Why we share information with others on markets

* A bit on food culture and the restaurant business in Korea

* And even a little on the stock market and trading metals, small caps, and a brief mention of LEAP Options

We had in our group, members who had lived in or are from:

- Korea

- California

- New York

- Thailand

- England

- Hong Kong

- Vietnam

It's such a unique pleasure to be out here in Korea and be able to meet with such a wide and diversified group of investors.

If you're wondering whether it's worth it to get out there and meet up with other investors, I can tell you from experience, if you're not, you're really missing out. 

Not only are you exposed to new ideas and markets from hearing from a diverse group, you're also able to gain the wisdom that comes from hearing other people's real life experiences.

And of course, make some new friends in the process!

@Pyrrha Rivers

Hi Tokyo / Japan BP members..

Just an update - we started a closed FB group to help out of country investors connect, ask questions, etc.

If you'd like to join, here's a link:

https://www.facebook.com/groups/seoulreigroup/

We just posted two spreadsheets to help with quick financial analysis / estimating owner debt load. We've also been talking about markets, knowing when to sell, etc. 

If you're interested, feel free to jump in.