Real Estate Investor Magazine July/ Aug 2020 July 2020 | Page 51

Doing things differently Investing offshore requires a great deal of analysis from the side of the investor. One country’s investment hotspot always differs from that of your country of origin, one way or another. Director of Operations at Orbvest, Justin Clarke and his team, made certain that they scrutinise the USA’s investment hotspots and wealth making investment options, dedicating their time and pouring their wealth into the country. According to Clarke, when investing offshore, South African investors want to invest in bricks and mortar. This is simply because they are used to this form of investment. Projecting on the American demographic, He says this form of investment in America does not make outstanding and great returns. In fact “investors cannot live on the returns with time.” However, Clarke says the amount of returns in commercial real estate industry in the USA are great, even exceptional. “In our investments we have gone towards the direction of medical real estate, specifically in the USA, because this industry is slightly similar to South Africa, as well as the way in which medical services in the US are provided,” Clarke says. Clarke believes that as the years unfold, the medical real estate sector in the USA will be in high demand, with extremely high returns on investments for all real estate investors. This is due to the rising demand for healthcare facilities during the time of Coronavirus. Finding property deals abroad While find better property deals abroad through the internet is recommended for investors and property buyers, Wealth Trek’s Property Investment Coach, Sean Thomson believes that there is a need for a team or people on the ground in the country where in you want to invest. Thomson says being able to buy property in the UK, for him, was down to his people in the UK. “One thing we advocate for, introduce and motivate people to do is COMPLIANT SOURCING AGENTS,” says Thomson “Sourcing agents are the opposite of what real estate agents do. Sourcing agents do not work for the property, but work for the investor. They are essentially on the ground doing all the leg work for you and finding you, the investor, low-market value deals appealing to you,” he says. Good sourcing agents are: • Compliant as per the sourcing agents’ registrations in the UK. • In ownership of professional indemnity insurance, and they are regulated within the UK market. • Registered with property redress scheme and antimoney laundering supervision. • Registered with or are members of a property ombudsman scheme. • Registered with date protection scheme supervision. Sean Thomson’s prosperity in buying property in the UK would not have been a success without the help of sourcing agents, who made this investment slightly easier for him. Just like Justin Clarke’s medical real estate investing journey, it could not have been a success if it had not been for the support he had received from his fellow investors, with whom he collaborated in bringing about his success in offshore medical real estate investment. Clearly the trick is in co-working here! You can do it too, with a little bit of patience and the right team of experts to guide you. SOURCE Neworld, Orbvest & Wealth Trek SA Real Estate Investor Magazine JULY/AUGUST 2020 39