OFFSHORE
Eleven years ago , April 2012 , Neale Petersen of REI , Brendon Brown of Invest USA and myself ( Scott ) of International Property Solutions ( IPS ) embarked on an investigative journey to the United States America ( USA ), to seek real estate business opportunities for SA investors .
We pooled all our contacts and scheduled meetings with everyone we respected in America real estate to get to understand the American real estate market better . We started East of USA from Atlanta , Georgia to San Diego , California to Phoenix , Arizona to Orlando , Florida to Memphis , Tennessee then back to Atlanta on the East Coast , eventually ending our trip in New York City visiting 8 cities and 6 States in 9 days .
Financial Crisis in 2008 . As Warren Buffett says , “ When there is blood on the street , that is the time to get excited .”
We came back to South Africa and organised our first event together with Real Estate Investor Magazine , International Property Solutions and Wealth Migrate in late May 2012 . We shared the opportunity with hundreds of people around the country . The Rand was R8,53 at the time and you could buy incredible houses from $ 60 000 - $ 120 000 and rent them out at
We met real estate brokers , agents , developers , sponsors , banks , lawyers and even property investor , author and guru Dr . Dolf de Roos who wrote multiple books and courses who is best known for publishing his best-selling book Real Estate Riches . We got such a good feel for the broader market and were overwhelmed by the opportunity which was present in the market after the Global
143 JUNE / JULY 2023 SA Real Estate Investor Magazine