Help Getting Started in US

Kane,

Is the property cash-flowing? Why are you wanting to sell?

If you are looking to keep the money in the US, but don’t want the headache of being a landlord half-way across the world, my two cents is to sell it and invest a syndication. Reduces risk but allows you to be involved in a deal that uses leverage; currently you can’t leverage your property as financing to foreigners isn’t favorable. You will also be involved in a larger deal (ie: commercial multifamily) which also reduces risk to your cashflow; the risk of your current tenant vacating your SFH in Kentucky and the property be 100% vacant is a lot high compared to investing in a 50 unit deal (the risk of all tenants leaving at once is a lot lower compared to a SFH).

Hope this makes sense. If you want to continue the conversation you can email me at [email protected]

Regards

Reed

Kazek87 wrote:

Hi Everyone,
I am an Aussie living in Australia. However, I have a property in Kentucky, that is worth about $50k and can be rented out for about $120-$150 pw. I own the property outright with no mortgage. I am very, very new to real estate investing and am not too sure what to do. Should I sell the property and bring the cash back to Australia to invest or should I use the equity in it to purchase another rental property?
What are some strategies I could use? Any help or advice would be greatly appreciated.
Kane

“Best time to buy is now and best time to sell is never”

If the property is producing cashflow without issues then just hold and buy more.

I’ve been based in the US for 6 years now and have done over 500 deals

Mostly renovating and selling but that was for the purpose of building up enough capital to buy and hold.

Cash is King and cashflow is Queen :)

Much success