All Forum Posts by: Harry Wilson

Thanks, I'm just struggling to get my head round it. Cap rate is the return on the capital. So high cap rates are higher rents in a cheaper building. and a low cap rate is an expensive building with low rents like you see in the Brooklyn brownstones. why this is connected to risk? Risk of the cheap building needing repairs?

surely everyone wants the highest cap rate for their rental properties, but does a high cap rate sometimes indicate a downside? does a high cap rate indicate a bad neighborhood sometimes? etc

wow thanks

thanks I guess the small deals can build up to build my perceived 'worthiness', I would rather start out big but I guess that is a viable path. 

I don't have lots of US income either so I was also thinking that if I went large then they would look more at the deal and my prior property management experience, I also know some developers that could maybe vouch for me or something, I really would rather not do partnerships but I gues that is another route where I could persuade the developers to go into a deal with me.

So it Is legal for a U.K. Citizen to own in America? Or would I need an llc

Thinking about going public and listing our holding company on a foreign stock exchange to help finance our future investments. Anyone here ever done this before?

I'm originally from England, I am married and so I now have employment authorization, I have conditional permanent residency, and after two years it will be solid permanent residency.

I have been saving and my father also wants to help me buy my first deal, we want to put 100k down payment on a multi family building. 

Am I allowed to own us property? And if not, what can I do to make this work?

I'm originally from England, I am married and so I now have employment authorization, I have conditional permanent residency, and after two years it will be solid permanent residency.

I have been saving and my father also wants to help me buy my first deal, we want to put 100k down payment on a multi family building. 

Am I allowed to own us property? And if not, what can I do to make this work?

thanks for the advice, I realize this, maybe I could get private money to put up the rest of the down payment.

I manage a three family right now and for the same amount of hassle and a few more staff I could be managing 300 people. 

I just really can't justify putting a big effort into something that pays me less than a part time job.

The way I see it, the larger scale I can do this the better.

so I have been saving, I have around 10k my father may Ben putting up some capital, around 100k.

I want to purchase a multi family rental with 16+ units. 

So I have to find the deal now, I want to buy the biggest deal that I can, let's say I find a deal at 1 million, how do I get the bank to give me a loan?

And who do I go to? 

There's lots of information on everything apart from this area, if someone could help me that would be great

So I have a friend that rents out to tennants, I believe that the property isn't up to standards and he could probably get in trouble if he was inspected. 

So what does a property need to be legally rentable? And does somebody need to come around and inspect it ?