Investing in multi-family properties can be a lucrative move, but when it comes to cross-border investing, things can get a bit more complicated. Between navigating different laws and regulations, understanding market dynamics, identifying the right...
Investing in multi-family properties can be a lucrative move, but when it comes to cross-border investing, things can get a bit more complicated. Between navigating different laws and regulations, understanding market dynamics, identifying the right opportunities, and finding financing options there's a lot to consider. However, for those willing to do the work, the rewards can be significant.
In this episode, we'll explore some of the key elements involved in cross-border multi-family investing in the US and offer insights into how to become a successful investor overseas. Whether you're a seasoned investor or just starting out, this episode will provide valuable information to help you make informed decisions and maximize your returns especially in a market situation we have at this time.
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What you will learn from this episode:
Manny Shiferaw is a registered Nurse by trade and now full-time Real Estate Investor, Manny made the jump into real estate after building a 13+ unit portfolio. Today, his focus is on expanding investments into the USA to leverage the wealth of value-add opportunities to achieve high ROI. When Manny isn't investing in real estate, you'll find him staying on his game at the gym or spending time with his wife, Michelle, and dog, Honey.
Connect with Manny Shiferaw:
02:44 - Sharing about his family background and how they get to live in Nova Scotia from Ethiopia
03:50 - From a day trader to a real estate investor
05:57 - Qualities that he is able to take over to his real estate business from her nursing job
07:13 - What his first investment looks like and the lessons he took away from that deal
09:59 - Establishing his end-goal early on when he started
09:26 -Diversifying his portfolio by investing in the US market and significant insights to take away from
12:57 - Essential factors you need to watch out for when investing remotely
14:08 - Challenges he faced as well as the best thing about investing in the US
15:53 - Important thoughts on the current interest hikes in the market
17:54 - Overcoming analysis-paralysis especially in the current market [and what makes a successful investor]
20:08- How coaching and mentorship quickens results for you
22:48 - Leveraging social media for your real estate business
24:10 - What he would have done in the early years when he started investing
25:18 - How networking helps you scale up faster
26:23 - What's in his pipeline at the moment and how people can reach him
"How we were able to kind of really pick the spots because obviously I'm not there. I've talked to multiple realtors and multiple property managers that are there to kind of give me the lay of the land."- Manny Shiferaw
"You have to know your numbers, you have to know your areas, you have to have the right power team, especially important in America when you're doing long distance." - Manny Shiferaw
"But the beauty of America, though, compared to Canada, there's so many different kinds of lenders. You can find almost any lender to do what you want." - Manny Shiferaw
"Interest rates do make it trickier because numbers can be tight but that's when you have to get creative." - Manny Shiferaw
"Don't just wait for that perfect no-brainer deal to just fall on your lap. If you can get a decent deal in this market that can cash flow somewhat on the buy, imagine when interest rates go down." - Manny Shiferaw
"I would say, take action no matter what. But at the same time you just have to understand your numbers." - Manny Shiferaw
"Coaching, if you have the right coach, can really accelerate you in every rich way." - Manny Shiferaw
Connect with Mario Griffiths:
Connect with Ron Christopher: