Hi friends I wanted to give here a few words on the subject of perception. How to treat real estate investments in the US…
Ahlan, friends
I wanted to give a few words here about perception. How to deal with real estate investments in the US. When you first come and buy a property in such a far away place and with a very low sense of control, it is a feeling that can be in the whole range of very comfortable (if you have a lot of money available, you are not afraid of every fall, and you know the seller well and you know you are in good hands). Anxiety, fear, a very uncomfortable feeling.
So we start.
Home buyers, if need wait for closing documents days or more
Once the house has passed through your name in the Tabu, renovations begin, it gets longer, things are added during the renovations, and the house goes out for rent.
A week passes,
Two weeks and a month
And the house is not rented
Uncomfortable stomachaches begin: What's going on here? Maybe the area is not good? Maybe the rental instead is just 800 and not 1000 dollars? And then my business plan faltered ... and more and more
Then the property was leased.
A few months later ..
And every month you happily enter your bank account and see that another $ 725 is entering your account. Fantastic !!
Of course, on the way there may be problems, leaving tenants, repairs, insurance, etc., you know.
After a few months it became, to put it, boring.
So here's what I'm going to tell you.
If you have to assume $ 50000 are available
You say to yourself, "I must have a property in the United States"! IM buying.
The question I ask you: What will it give you? Where does this lead?
Is it $ 725 a month (don't forget, annual reports in the US and Israel, occupancy and rental certificates, insurance, etc. Not a small headache sometimes)
Give you what you dream of getting to?
Is it really worth the trouble?
Here's the answer:
(But it is right for me, and so I believe we should do)
Fix the first property,
Even if it costs a little more, or less. Fix it.
But under one condition:
You buy only if from your point of view you continue to at least another, and I emphasize at least 4-5 properties.
not tomorrow. Not another month. But in the next two years.
Why ?
That 4-5 properties that put in $ 700 a month (let's say one does not work all the time)
You generate a monthly income of $ 2800 per month.
$ 2800 per month,
This has been a significant income.
It changes quality and standard of living.
And here is the beautiful thing.
If you know save $ 2800 a month
Guess what happens after a year and a half:
You buy another property, only from the employees.
You leverage yourself without a mortgage to the next asset.
Now think of 10 properties…
Right.
This is not a plan that will achieve its goals until this Passover.
But this is certainly a feasible and feasible plan.
I recommend that everyone think big.
Warning: US Real Estate Addiction - Addictive.
(-:
You will succeed
Link to the original post in the United States Real Estate Forum on Facebook - Works on a desktop computer (To view the post must be members approved for the forum):
https://www.facebook.com/1885945295012997/posts/2196928623914661
The original responses to the post can be read at the bottom of the current post page on the site or in the link to a post on Facebook and of course you are invited to join the discussion
I believe that investing in real estate in the US without leverage is a deal that is not worth the risk. There are better money alternatives with a lower level of risk. What is the opinion of the "giants"?
Agree completely .. mostly sold
Absolutely true
We are going to talk about this topic among the other topics we are holding in the "Green" complex at Rupin College, on 1.1.19 about the whole topic of the great opportunity we see in real estate investments in Detroit, we will summarize the year that was, we will talk about directions in 2019, opportunities, properties of clients who bought In a year - the last 4 years, customers will talk a little about personal experiences, it will be interesting, free entry, subject to registration. Feel free to contact us for details.
I wish every year Property or 2
This is exactly the conversation with my clients in financial planning when building a goal-based investment plan and return on investment…
A firm foundation that will be as stable as possible ... so if one house stutters, the others will force it
Shai will invite the members of the forum to a conference you are holding at 1.1.19.
Hello my friends.. and speaking of leverage.. almost all of us have provident funds or training funds instead of withdrawing the funds, you can get loans against provident funds and training funds at prime interest (1.6) minus 0.5% as of today 1.1% and leverage is excellent for a new start …
Very nice. The idea is long-term work right and then the numbers will also be communicated with you if you do things right. Looking for another 20-30 a year ahead and the investor will reap the rewards already in the coming years.