One of the biggest challenges of investing from overseas as an expat is applying for a bank loan. It's not an easy task and there's no guarantee you'll find a bank that will work with you.
I was recently asked to appear on Nicky Roche's podcast, Small Business Drivers, a podcast that focuses on "providing support, education and encouragement to small business owners, who essentially drive the economy." In the podcast, I discuss my transition from EFL teacher to entrepreneur to real estate investor and the importance of adopting the right mindset in making it all possible.
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.
We were super excited to have Ben Leybovich as our speaker - not only is he a prolific blogger on BiggerPockets, but he's also the creator of Cash Flow Freedom University at JustAskBenWhy. Ben's done some extraordinary things in real estate including purchasing a 10 unit building worth $373,500 that he purchased for $5,300.
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.
One of the benefits property investors often talk about is the power of depreciation. But what exactly is depreciation and how does it work?