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Updated over 6 years ago on . Most recent reply
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Active Duty Military: Attempting to invest from overseas
Hey everyone, I'm currently stationed in Germany on active duty. Own a few SFH rentals and flipped a few, still a newbie. My wife and I plan on staying in Europe for a few more years but we are looking into purchasing a 2-8 multifamily unit either in TN or NC around the large Army bases where we have previously lived and know the area. I have a trusted realtor at each location as well as management firms that I currently use. The management firms will arrange for necessary repairs after purchase and then take over managing the place. I would not be able to get a first hand look personally, would rely on realtor and inspection report. This is risky I know, looking for what are the immediate concerns that make you experienced investors cringe at this idea.
Thanks
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Thanks fellas. Currently working with one of my property management companies that actually sells, buys, and manages properties, also will arrange for repairs. A one stop shop and I've worked with them since 2006. Going to try and purchase a condo through them on the lower end of the scale to test the waters before I hopefully move onto more and bigger deals.
Thanks!