Hi andviv,
Wow thanks so much for the reply, very informative, to explain a bit more I am not a U.S citizen, I am a UK citizen. After reading this forum I have come to the conclusion that a U.S investment sounds much better than any I could find in the UK. The money is not mine, as stated in my introduction I'm not in this position financialy (Yet) the money is my parents and ready for investment, they are not bothered about looking for investments as they have already achieved what they wanted, but have this money that they would not mind putting up for me, as long as it stacks up in thier eyes.
My thoughts on the senario that I would like, would be to just invest and just be involved in a distant fashion. I am liking the idea of the second option (bigger better deals!) and looking for partners who are going for these types of deals.
The reason for investing would be to have cash flow with a view for appreciation over a given year period (period not so much of a problem, as long as there is good cash flow).
In regards to turn-key property or rehabbing, I am not familiar with these frases, if they mean what I think rehabbing being an old property that needs doing up, as I would be coming over from the UK if it is a major renovation project I could not be on location for months on end.
I hope I have answered in a understandable maner.
Once again thanks andviv for a great reply.
Ad
|
|
adamhardtryer, yours is a very good question.
Short answer:YES
The way I see it, there are two main approaches to this.
1. Take your $200K and use that to purchase a multifamily property on your own. Given the "standard" approach you can buy a property worth between $600K and $900K depending on the financing available for you. With this money, and depending on the cost per unit in the area where you are buying, you an get a property with many units.
2. Take your $200K and partner with others to go after bigger, "better" deals. You pool your money and leverage others' experience/knowledge to get a property (or maybe several properties, say, $100K invested in one property, and other two properties where you invest $50K in each).
I am following route 2.
Another perspective to consider is why are you investing?
Are you going after cashflow? If so, what is your expected rate of return?
Are you going after appreciation? This is highly dependent on the area where the property is located (location, location, location, not only at the state, county or city level, but at the neighborhood, and maybe even the side of the street where it is located).
Are you going after both?
Are you planning for a semi-passive investment?
Are you thinking of having a PM run the daily operations for you or will you be involved on a daily basis?
Are you looking at a turn-key property? or are you willing to go after properties that require rehabbing?
I hope this gives you some things to think about, and not enough info overload so I scare you 
Please feel free to ask more questions, and welcome to the forum. |