All Forum Posts by: Farshid Faww

but i wanted to ask if there is other options or any other guy that have a course online so i can learn more on investing and buying rental properties, as i dont live in usa and i want to work from abroad and i dont want to visit any of the properties my self

i want to learn the best way to do it

so i really appreciate if you guys can guide me here

thank you so much

Hi Farshid, you don't need really need a course for this. Study the markets you are targeting and find investors/agents/property managers in those areas to network with. They can help guide you in specific local markets. I am an investor and RE agent in Fort Lauderdale, Florida so if this is one of your targets, I would happy to help out.

Thank you so much guys really appreciate all the information

idk i think its difficult to gather all the information from all those sources

its random and not in one place and there are so much data that it may be confusing

i wanted to learn from one place and get the info right

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hello all

so as the topic say i want to buy a course that teach me how to virtually buy real estate and rent it out

i searched and found "The Virtual Investor's Guide to Out of State Rental Property" from investwithace that in 600$

i want to learn the best way to do it

so i really appreciate if you guys can guide me here

thank you so much

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Quote from @Ben Einspahr:

@Farshid Faww. Good job being proactive and following up with your forums post. Sounds like you are making the llc and trust a road block from making progress any progress.

Why do you want an llc or trust? asset protection? any good lawyer will tell you that good insurance is the best first line of defense this early on.

Here are some action items to help move you forward:

1. Let everyone know what market you are interested in so we can give local recommendations. Keep it simple. Might be worth stating a new post and tagging that market so investors in that market will get the notification and chime in and plenty of eager agents and lenders wanting to help you out.

3. After you post the market you want to invest in, connect with a investment friendly real estate agent and lender. A good agent will typically provide you with a good lender. (

4. call that lender, let him/her know what you are wanting to do and see much you can qualify for and what the financing looks like. This will require pre-approval. Will be a good reality check.

post back and let us know how it goes.

Thank you for your respond @Ben Einspahr

So as you may know i dont live in USA and i cant travel to USA

so i thought i cant get insurance in any state or i may be wrong and ill search about it , can you give more info on this topic

and ill do the items that you said aswell

btw im fom iran so these companies said they wont form an llc for me : incfile , Northwest Registered Agent

i dont know why but they dont want to

if there is anyone who can help i would really appreciate it

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hey guys, so its been 8 days but no new messages

can you please help

thanx

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any other suggestions for me i would really appreciate it

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hey guys i would really appreciate if everyone can help me

thank you

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Quote from @Matt Barth:

Generally speaking, no. You need to have cash for a down payment. The cash can be from other assets or equity that you might be able to borrow against, but you are not supposed to be able to use a credit card for a down payment. I’m sure you could find some loophole or get creative with a cash credit from a card issuer depending on your creditworthiness, but the rates after any introductory rate will be insanely high. Best way I have found to get into a zero money down is sub to or assuming someone’s current loan they want out of, but I don’t know the complexities of doing that internationally. What are you really trying to accomplish?

Yes your right, it would be complex to do it from abroad

What i really want to do is to start buying properties with loans or any other way possible to get to rent it to tenets to get money even if its little

for me having for example 300 $ every month would be huge help to grow and start a new life

so if i plan this right and get a loan and pay down payments somehow and get money from tenet to pay the mortgage and get around 300 $ for my self that would be a great way to start for me

i wanted to do subject to but i really dont know anything about it, i watched youtube and some influencers on social medias but they all want people to buy courses and stuff

i would be happy to learn it if its possible to do from here

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Quote from @Matt Barth:

I'm not aware of any investment properties that you can buy with only 3.5% down. Additionally, LLC and Trust are great asset protection tools, but if you don't have a lot of assets you are trying to protect I'm not sure I would be too focused on the asset protection side of things like setting up LLCs and trust especially for a non-US investor with wanting US holdings.

If your “new business” is just wanting exposure to real estate you might want to look at the many passive investment options. If you are wanting to be an active inventor, I think you will likely need more than 3.5% down or to have some partnerships.

Thank you Matt , yea i thought FHA would be an option which Ben said its not as i should live in the house

Maybe other loans would be good , i could leverage credit card for the down payment for example 10% right? or is there a way to use credit cards to start with 0$ money down?

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Quote from @Ben Firstenberg:

I can't answer all of these questions, but I can answer some.

First, it is possible to form a Delaware/Wyoming LLC and buy outside of those states, people do it all the time. I don't know the exact requirements, but I think you just have to know a lawyer in one of those states.

Second, I believe you don't have to be a citizen to open a bank account, but you might have to be a US resident. You definitely have to be a resident if you're looking to put down just 3.5%, as those loans (FHA loans, they're called) will require you to live at the property for at least a year.

Third, as far as best strategy to start with it depends a little bit on what your goals are and what assets you have. If you have decent cash on hand ($50k+), buying distressed properties and renovating or doing BRRRR them could be really great. If you don't have much money, putting down 3.5%, living in the property and renting out extra rooms or extra units would be a better strategy to get started.

Hope this helps! Please check me on all of this as I'm no expert and don't want to cause any problems for you. Best of luck!

Ben thank you so much for the informations

I think renovating and BRRRR method its not possible for me as i dont live in us and would be difficult to be managed from abroad, what do you think?

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Hey all, im new here

such an awesome forum thanks to all

so i want to start my new business and researched so much but as i dont know anything in this field i wanted to get help and others opinion on it, so here are couple of infos on what i have in mind and couple of questions too, i would really appreciate the help

So i was born as Persian in Iran and moved to turkey , i want to form an llc and a trust (as i heard its good to have for real estate investment) to but properties with bank loans

i want to put 3.5% or more for down payments and other costs aswell and get bank loans to buy the but the property and rent to tenets and get the mortgage to pay off the loans and have a little for my self and do it over and over with this method(not sure if there is better way to start with little money)

maybe with that llc i would run some airbnb (not sure if that good to do with one llc)

so here are some questions that i wanted to clear in my head

1- As non us citizen or non resident would it be posssible to get bank account after forming the llc( i already know that i can get llc and ein and other stuff that banks need) but i dont know if banks will open an account for my llc as im iranian

2- i heard that are some other methods such as BRRRR and subject to (which i heard is really good) or distressed property which one is a good way to start?

3- so for forming the llc as i dont have any personal address in us i want to get virtual one and virtual cell number aswell to build the llc but to do it i want to use agents like northwest or incfile or others and would appreaciate if anyone could give me some advise on which one is better

4- as i mentioned people say a trust must be formed before the llc for better use and some say form llc first and then the trust which in this case im confused and need help really

5- i researched and found that delaware and wyoming are great to form llc but i wanted to know if i have an llc in wyoming would it be possible to but a property in other states or that would need some work to do and have difficulties?

so here are all my question hope you guys help me so i can start my life if there was informations that i forgot and must read and learn let me know i would be happy to learn more

thank you in advance

1 Vote

All Forum Posts by: Farshid Faww

Farshid Faww has started 2 posts and replied 10 times.

Post: i want to buy a course to learn Virtual real estate

Post: i want to buy a course to learn Virtual real estate

Post: Starting new life with real estate and need help

Post: Starting new life with real estate and need help

Post: Starting new life with real estate and need help

Post: Starting new life with real estate and need help

Post: Starting new life with real estate and need help

Post: Starting new life with real estate and need help

Post: Starting new life with real estate and need help

Post: Starting new life with real estate and need help