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Updated almost 5 years ago on . Most recent reply
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Investing while out of the country
I'm a US resident who works out of the country about 10 months out of the year. This has discouraged me from investing for the most part. All I've done up to this point is mostly education. I come home twice a year, but I don't know if I'll have enough time to close on a deal before having to leave for work again. And if the property needs work, chances are I'd have to completely trust a contractor to get the work done. My goal is to purchase buy and hold properties, either SFH or Multifamily. I'm trying to figure out the best way to purchase properties while not in the country so I can build my portfolio while working my day job, because I'd like to work towards either quitting my job or moving to a stateside admin position (which entails a pay cut). I am married, but my wife doesn't support investing in real estate. I think after a few deals she will come around, but that doesn't help me right now. If it matters, I'm a resident of NC and plan on investing in the state.
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@John Burke First of all, @David Pere has a lot of good material, so check out the article he has for you. Second, I am active duty military and currently stationed overseas and continue to invest. While some of those investments were prior to moving overseas, some of them have been since I have left. That said, while most of my investments before moving were buy and hold, some of them since I have left have been private lending, etc. Let me know if you want to discuss sometime.
Cheers,