All Forum Posts by: Sherry Lee

Hi All,

Background: Greetings from Shanghai, China! I am American and my husband is Croatian. We both worked on a cruise ship around the world and was Able to save up some cash. Recently a new job took me to Shanghai, China so I like to learn how to invest in real estate from abroad. 

Being abroad actually saves us quite a bit of money for our lifestyle. We are able to save about 35k every 6 months. However, since we are abroad, I feel quite limited as to what type of real estate investments we can do since I am physically located here in China. (Even my bank in Missouri told me today, in order to take a line of credit out on my property, I gotta go to the bank and sign in person!?) 

What are some real estate suggestions if you had 35k+ and you're abroad? We already put 48k and bought a foreclosure property in cash last year and it's renting out in Missouri for 850 a month so far but that was back when we were physically in the states to take care of the purchase. 

I am open to Turnkey companies, but is there anything else out there that I could potentially do instead of just letting our money sit in a CD? (Yes embarrassing, it's sitting in a CD at the moment...) We do have retirement and all that sitting in Roth and index funds, but we like to do more with real estate with the extra cash.  

Thanks in advance!  

Sherry

Thank you all for your helpful tips! 

From the BP podcast, I learned about Bridge Turnkey in KC with @Nathan Brooks. I will be speaking with them this week via Skype to find out more details. I like the idea of KC since it's still in Missouri where I have friends and family, and the city seems to be growing rapidly with young folks moving in. 

If any one else has other suggestions about Turnkey companies in the KC area, I would love to learn more! I also have family in Texas so I wouldn't mind investing in Houston, but seems that property tax is quite high there, not sure about the % of return after all the fees and costs.

@Andrew Syrios I see that you are in KC, what are some zip codes that you would recommend to invest and what are some to stay away from? Do you recommend investing on the Kansas side since the good school districts seem to be across the river? I am doing my research from abroad and haven't actually been to KC myself, any tips would help, thanks in advance! 

Hi All,

Background: Last year, my husband and I bought a foreclosure property in Missouri and rented it out through Zillow since we had some free time. It's going well so far! However, new job opportunities came up and we are now located in Shanghai, China! 

Goals: Our focus is mostly on creating passive income and getting the cash-flow to fund our travels! Hoping to generate enough cash flow in order to quit my day job by age 30 to volunteer, travel, and work on things I'm more passionate about. That's in 3 years, it's ambitious but never hurts to try!

Advice needed: Since we are in Shanghai, we are hoping to find TK companies to assist, perhaps in the KC area, or honestly any other areas that is up and coming. I have read pros and cons about TK companies, but I am not sure how else I can invest from abroad if not for TK. 

Also need advice on financing, we are able to save large chunks of $ for down payments but how would I go about getting a loan for the rest of the properties from abroad? I have a great credit score of 799 and no loan history so far. 

Thanks in advance! 

Hello BP Community! 

I signed up for BP a while back but never took the time to write a proper intro yet! First off @Joshua Dorkin and @Brandon Turner thank you for the amazing podcast! It keeps me very entertained all the way here in Shanghai, China!

Quick intro: I am from Taiwan originally, moved to St. Charles, MO and lived there for 10+ years. Lived in Australia for a year, then "at sea" for 2 years (Cruise Ship job), and now, a new job opportunity took me to Shanghai, China. 
I work in finance for giant tech company here in Shanghai, and my husband, who is Croatian, works as Navigation Officer on a Cruise Ship also out of Shanghai. 

Background: Last year, we bought a foreclosure property in Missouri and rented it out through Zillow since we had some free time. It's going well so far! We are pretty good at saving for down payments due to our lifestyles abroad and savings from working on a cruise, therefore, we are hoping to put the $ to good use. 

Goals: Our focus is mostly on creating passive income and getting the cash-flow to fund our travels! Hoping to generate enough cash flow in order to quit my day job by age 30 to volunteer, travel, and work on things I'm more passionate about. That's in 3 years, it's ambitious but never hurts to try! 

Advice needed: Since we are in Shanghai, we are hoping to find TK companies to assist, perhaps in the KC area, or honestly any other areas that is up and coming. Also need advice on financing, we are able to save large chunks of $ for down payments but how would I go about getting a loan for the rest of the properties from abroad? I have a great credit score of 799 and no loan history so far. 

Thank you all in advance, hopefully we will reach our goals and be able to travel to some BP meet ups back in USA :) 

Eager to learn,

Sherry