Should I invest overseas?
This has to rank as one of the most common questions that I am asked. Now, I have made no secret of the fact that all my portfolio is within an hour drive of where I live (and most of it within 15 minutes.)
However, given I was asked the question so much, I thought that I should get up to speed on some of the most popular overseas
investment locations, Cyprus and the USA.
In June, I went on the Invest In The States course run by Ayshe Kadir.
The reason that I chose Ayshe and her course is that she is first and foremost a property investor (who happens to enjoy training people.) I have a concern about courses run by people without any real expeirience, or good presenters who present material written by others. In this case, no problems – Ayshe has been a landlord in the UK for many years, and has been investing in the States for several years. Everything she teaches is based on her own experience, not just a re-hash of a book.
As we all know, it IS possible to source properties below market value in the UK, by concentrating on finding people who value a sale quickly more than they value the best possible price. However, as we also know in the UK, it can be time-consuming to find these people.
In the USA, however, the information about people who are behind on their mortgages and therefore facing repossession is regarded not as private, but as public information. This does not mean that it is free, but there are places where it can be bought very cost-effectively.
This difference, and this alone, makes a huge difference to the investor. Anyone going into the course with a UK-leafletting mindset will be pleasently surprised at how that step can be bypassed.
Ayshe teaches not only how to find this information, but how then to make use of it and convert those leads into sales. While some of the techniques she uses are similar to those that I teach in my negotiation course, and others are similar to those that Parmdeep Vadesha and Glenn Armstrong teach on their BMV courses, there are others that are peculiar to UK people investing in the US.
The course is both detailed and interactive – rather than using a pre-canned set of Powerpoints, Ayshe looked at a live lead she had just receive by email, then went through the process of getting more information, obtaining comparable pricing, and preparing for the initial contact.
Rather than having a live conversation with a vendor in the course, though, she played a pre-recorded conversation with one from whom she had bought a property the previous month. This added to the atmosphere (though with a thick southern drawl, was hard to follow at times when played back to the room.)
The material for the one-day course I attended was on finding and negotiating with pre-foreclosure vendors in the States. Ayshe also runs other courses on Tax Liens, Tax Deeds, and Deed Trading.
In addition to the course itself, Ayshe includes a very comprehensive manual which not only reviews the principles and practices she teaches, but also gives in-detail assessments of many different areas within the States from an investor’s perspective.
I started out somewhat sceptical about the concept of investing in the States, and after the day am very much more positive. I have not (yet) bought there, but feel rather more confident about my ability to do so now.
I also persuaded Ayshe to give me a quick interview, which I recorded and is now available here.
So, the key question – do I recommend the course?
Only to certain people:
- If you are committed to investing in the States, then this is the best resource I have yet come across, and I would recommend it without hesitation.
- If you are considering investing in the States, then I would recommend you go to one of the preview Seminars that Ayshe runs. These cost about ten pounds each, and will give you about an hour basic training, followed by some more nformation about the course.
To get more details of the course, or the preview seminars, look at Ayshe’s site
Declaration: I receive a small commission if you go on the full course as a result of following the link above! I do not receive anything if you go on the preview seminar and decide that the course is not for you.