Investing in a foreign market is a big decision. There is a lot for foreign investors to love about the US real estate market. Many foreign investors might worry that US real estate investing isn’t for them. This post will cover signs that indicate you are a good candidate for US real estate long distance investing.
US real estate can be a good option if you are an experienced investor looking for ways to diversify. Spreading risk is just savvy investing. It can be even more effective when you spread your risk to different markets. Your US real estate investments will also be in US dollars. That means it can hedge against inflation in your local currency.
Do you have business or work experience in the US? Existing knowledge and experience in the US can be invaluable—even if it doesn’t directly involve real estate. Having professional and personal connections can also be helpful.
Investors don’t need to live in the US, but you will need to travel to the areas where you hold real estate. It doesn’t have to be often, but investors should check on their properties. You’ll also need to see properties in person before you buy. There may also be various reasons to visit the US to handle different business matters.
A long distance investor needs to be comfortable delegating responsibilities. You won’t be in the country to handle everything, so you must trust others. For example, you won’t be available to manage rental properties. That means you’ll need to hire a property manager to handle day-to-day operations.
US real estate investing can also be a good option for people who want to live in the US one day. Your career may keep you from leaving your home country, but you want to retire in the US. Your investments could generate stable income to fund your retirement. Additionally, the investments could help you qualify for an EB-5 visa and obtain permanent residency.
You don’t need to check all these boxes to invest in US real estate. They are just signs that you are an excellent candidate for investing. There is still plenty of room for success for people who don’t match all these criteria.
Are you considering US real estate investments? Click here to contact Marion Ott. Marion is a Miami real estate expert with experience helping foreign investors. Her team can help you learn more about US real estate investing and whether it is right for you.
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