904 » How Dani Got Started Doing Real Estate Virtually – In The USA – From Israel
What kind of barriers do you put up in your mind about investing in real estate? Dani Beit-Or could see from Israel that investing in U.S. real estate was a great deal because of our “mortgage miracles”, and he started investing in American properties before he’d even immigrated here. Mortgages like we casually use in everyday banking are not the norm in Israel, but they’re not the only difference in real estate investing that Dani experienced. He coaches other Israeli investors on the four main differences between real estate here and there, including: —Language barrier —Terminology language barrier —Rental deposits and time expectations —American culture When Dani’s analyzing a deal, he has a minimum criteria, and he’s not married to the one percent rule. For him, the financial performance stands on three legs. It’s not just about appreciation or the amount of rent. He wants to know: what is the financial story of each property? When he obsesses over the worst-case scenario, he misses out on decent deals. Instead, he focuses on the realistic case scenario. That’s why he put together a massive Excel spreadsheet that he uses with all of the clients he coaches. If you’d like to get together with Dani, you can head over to his website. What’s Inside: —What the “mortgage miracle” is and how it helped Dani invest in the U.S. —The difference between a turnkey operation and a turnkey property. —Some of the biggest differences in buying a home in the US versus other countries, like Israel. —How property taxes and insurance rates affect the one percent rule.