Although I am a US citizen, when I made my first overseas investment in 2014, I invested in an area I knew nothing about - Jacksonville, Florida. I had never visited the area and knew no one from that area. I faced a lot of the same difficulties that foreigners faced. Anyway, I took a stab at answering this question and added 17 tips for foreign investors.
In 2014, when I was looking for my first investment property, I came across this house. At the time, it was listed for $67,500.
Are you looking to invest from out-of-country in US Real Estate? If so, I'm sure you have lots of questions! I know I did when I first got started. One of the first questions anyone asks when they are considering international real estate investing is: Where should I invest?
As most of you know from our posts and forums, I'm someone that feels like technology is allowing more and more people to invest in international real estate. I know from first hand experience having bought my first investment internationally in Jacksonville, Florida, while living in Seoul, South Korea.
The three most important things in real estate? Location location location. If you're interested in investing abroad, then you know one of the first things you must consider: Whether the city you are planning to invest in has a bright economic outlook. A number of experienced investors have told me that even though they bought at the wrong price, they were saved because they bought in an area that was growing or developing.
Of course, as out-of-country investors, that presents a challenge as you may not have lived in an area you're considering investing in.
Today I wanted to share with you a very well-written article (written by a CPA) that breaks down how to find valuable demographic data about a city's employment numbers, main employers, housing prices, etc. all in one place, and available on the web - for free.
Click on the link below to read the article: