They had searched out several attractive cities here in the US, all of which have strong rental markets. Indianapolis won out. We emailed back and forth quite a bit, they read my book, and then flew over and spent about 10 days here with me, checking out homes and neighborhoods. Both of them hope to purchase up to 20 rental homes here. They’re back home now, and are trusting me to take it from here. I appreciate the trust they’ve placed in me, and I intend to find them some “gems” that will provide steady income and long term investment for years to come.
They’re enjoying some loaded cheese fries at Outback Steakhouse in the picture … LOL! They found most of us to be kind and helpful — thankfully — and they couldn’t believe how green everything here was. One person did ask them what language they speak in Australia. (OMG.)
They’ve bought one property, and lost a few — I’ve continued to look, and have put in offers for them, and the difference in time zones has duped us a couple times. They’re 14 hours ahead and it’s a bit difficult to jump on a great deal if they’re asleep. But considering the fact a 1500 square ft. home over there in Brisbane sells for around 400-500K, they’re pretty thrilled with our prices. The Aussie dollar is a bit weak against the American dollar right now, but they can still make it work.
I love their “buy and hold” strategy, as that was my goal when I started investing 23 years ago. I’m so excited to be part of their journey, and I look forward to growing their investment portfolio. Welcome, “mates!”