I would specify the exact arrangements in a contract. You can create any scenario/arrangement that you like.

ah ok, thanks! Does this commonly happen? Does the real estate agent handle contract contingencies like that or would it be a 3rd party contract?

Has anyone had experience acquiring a loan for purchases in different countries? Am American and want to buy in Japan:
a) Any suggestions for finding a lender in America to loan for purchases abroad? I own several properties in America already, maybe I can collateralize/get an asset loan?
b) If A won't work, any suggestions for getting a loan from a local lender? I assume a Japanese lender would be concerned with the inability to legally pursue me in America if I defaulted so I'm assuming I'd need a) 1-2 years of income history in Japan (buy properties in cash first) and b) the lender to have an american branch?

Appreciate any input.

i'm an american and have lived in japan for the past 9 years. i don't own any real estate, but will give you my two cents.

i can't speak to the exact requirements a japanese bank would want of you, but it may be worth researching, because the interest rates here are amazingly low. can you speak japanese, or do you have any friends that do? if the answer is no, this will make things much more difficult, though not impossible. there are 4 major banks in japan: smbc, ufj, mizuho, and one other who's name is alluding me. they are behind the times and do things very strictly, which would make me think you might have trouble with them.

there is a bank called shinsei that is more like an american bank in terms of services they offer. they also have some english support i believe. you might wanna start there.

could anyone give me some advice on getting a loan to buy an investment property in the u.s. while living and working abroad? i've tried contacting a couple different lenders, but am running into trouble because i don't get paid in usd. has anyone successfully navigated this situation?

Thanks Yabia.

I'd like to share that I just got a 3.875% 30yr fixed rate on another investment property in a large city in the Midwest (I live in California) using https://www.google.com/compare/mortgages. Sebonic Financial and Home Point were the two I contacted. HP had some absurd discounts: https://i.gyazo.com/91c10abb3b7f0fff...a70e3eb7e4.png

Looking for advice on a 4 unit property; each unit is 1 bed/1 bath (2000 sq ft total). Price $140k. Each unit rents for $350/mo. Taxes $1300/yr.

When I run it through a rental income spreadsheet assuming a 30yr FHA loan @ 4% interest, it looks like a slam dunk. But there are a few red flags: this has been on the market a year; 1 bed/1 bath units in this area typically rent for $400-500/mo (could be an opportunity for increasing income, but could indicate ****ty quality of units); the building is over 90 years old (exterior looks okay, haven't yet seen interior). What questions should I be asking about this property when I look at it?

Assuming everything passes inspection i would pay $92k for this property if $350/mo is the right rent. At $400/mo i would pay $105k. At $500/mo i'd pay $132k.

Have read some good pieces about self-driving cars impacting real estate prices and development. Something to think about...

would this be your first property? Sounds like its going to need a lot of work.

Yes, and I believe you are correct.

In todays market where do you find something that rents for 2k and costs $132k.

Exactly, hence why i don't find real estate to be that attractive of an investment opportunity. To answer your question though, Suburban Detroit, Kentucky, Virginia, and West Virginia are areas i know people who have found properties that meet those criteria.

Any city that isn't growing very fast, and then likely in lower income neighborhoods. SFR might still be hard, because those have worse ratios, but there are Multifamily properties almost everywhere that offer that purchase price and rental rate.

Just a quick MLS search of Kileen, TX, the most extreme rental market I can think of because it's a military town so everyone rents, shows a 4plex that would rent for $1900 and sold for $115k. Another that rents for $2200 and sold for $125k. Those are both retail sales, so retail prices. That's a cashflow model with zero expected appreciation, so the ratio better be pretty great.

As Aus was mentioned in the question, some issues might be that RE is fkn expensive here, expect gross rental yields around 4% and possibly lower (NZ is probably the same-ish, but I don't know for sure). Foreigners can only buy new property (hasn't been previously owned iirc) and in this regard will compete with local buyers who get a subsidy to buy new (granted your FX might offset this). Similarly you will also be somewhat disadvantaged vs local buyers who can offset investment losses against other income, although obviously this is mostly an issue only if you're making a loss which presumably you're not intending to do (although many, many local RE "investors" do book a net loss) unless you're interested in this purely for the capital gain (which you will also pay a big chunk of tax on).

On a related note...

I'm (Australian) considering buying RE in Brazil as BRL has been smashed even against AUD I've got in-laws there, so we make semi-regular trips and the costs involved in those trips would then be at least somewhat deductible... On the other hand, trying to manage a rental in a 3rd world country on the other side of the world makes my head hurt (also, I know nothing about local regulations in this regard). Although I wonder if just banking an apartment might still be worth it...

On the other other hand the brl might yet be on a hiding to nothing.

Sorry if this has been asked before, but what's the best search to use when looking for listings?

I use Redfin, and if RF isn't available in the city then Zillow.

What are you looking for? RF and Zillow are ok but can be inaccurate sometimes.

We recently moved our company out of commercial banking and started a crowdfunder platform....

I had the good pleasure of meeting one of the top (founders) guy in Fundrise at meeting in Boston. Real nice guy, very young, scary how much they raised in a very short period of time.

We decided to go that direction after meeting with them. not sure if those giant funds are going to make it long term. Real Estate business is insane tough.

crowdfunding concept is so new, may be the next "crash" ??

Readers please note that this is not what I posted. The mod has deleted portions of my writing. Being singled out feels really unfair and not nice. Planning to take matter up privately with higher ups at 2p2

I know a condo that can be bought for $150ish that rents for $1,500ish with tremendous appreciation potential.

This a a slam dunk loser if i ever saw one. Your rent needs to meet the 2% rule to even have a chance.

!. you are renting to low income people-they are demanding and dont take care of the property.
2.90 year old bldgs. need tons of money allocated for CAPEX.
3. you wont believe the petty things that you dont account for that will happen every month.

If you willing to live in it and be the handyman it could work.