First Time Real Estate Investor as an Overseas Contractor

[Nicholas Trans]

Hello everyone (from overseas)!

皆さん、こんにちは！

It's my first time posting here and I'm completely new to the world of REI so please forgive my ignorance on the subject. I'm hoping to network with people who are either currently in my situation or have been in the past. Since I'm an overseas contractor, I've been researching REI strategies that best fit the lifestyle of an active duty military member stationed in a foreign country.

My question is, what different types of investment strategies have shown the most success for someone doing it completely hands off and remotely (my focus is on cash flow)? Should I invest in multiple strategies or focus most of my energy/capital in one?

So far, I’ve done a considerable amount of research over the past few days on partnerships/JVs, turnkey, syndicates (non-accredited investor), and remote managed MFH strategies. I’m also hoping to use this platform to meet/network with other people and absorb information while building strong relationships for potential future partnerships.

A little bit about me to paint a better picture:

-USAF Veteran

-Married (dual income) with children.

-Net worth: Enough to get a very decent start in REI.

-Debt: $0 (CCs paid in full every month)

-Housing situation: Renting; no properties.

-Job: Me - Information Technology, Wife - Program Management

-Education: BS and MBA

-Location: Asia (I’m sure some of you can guess where exactly by my initial greetings.)

-Duration of Expat Status: Indefinite (So far, I’ve been overseas for 12 years.)

-Books Currently Listening To: RDPD and Crushing it in Apartments and Commercial Real Estate.

-Research Sources: BiggerPockets and their YouTube channel, FromMilitaryToMillionaire, Richonmoney, various articles from multiple sources, blogs, podcasts, other YouTube channels, etc.

-Long-term goal: To generate enough passive income to reach financial independence and retire early, hopefully over the next 8-10 years. Ultimately, spend more time with family and do other productive things with the freed up time. Also, I’d like to eventually qualify as an accredited investor for those bigger deals. (I’ve already calculated our “freedom number.”)

-Regrets: Not listening to that elderly man I met at CVS 10 years ago who told me to get into REI. *facepalm*

Please let me know what your thoughts are. Thank you for reading and I hope to get to know as many of you as possible!

-Nick

TL;DR - Expat looking for the best passive investing strategy to reach FIRE within 8-10 years while also networking on this platform.

[Charles Carillo]

@Nicholas Trans

If you are looking to build wealth passively; syndications are a great option and probably the best option. Real estate is a business and no matter how "passive" people want to call rental real estate, it requires property management and management of the property manager. If you find a great group to invest with, they will be more knowledgeable than a first time investor and will have the systems already in place.