First Time Real Estate Investor as an Overseas Contractor

Multi-Family and Apartment Investing
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First Time Real Estate Investor as an Overseas Contractor

Nicholas Trans
Rental Property Investor · CA · Member since 2020 · 11 posts · 2 votes

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.

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Charles Carillo
Rental Property Investor · North Palm Beach, FL · Member since 2018 · 2k+ posts · 1k+ votes
6y

@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.

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  • Charles Carillo
    Rental Property Investor · North Palm Beach, FL · Member since 2018 · 2k+ posts · 1k+ votes
    6y

    @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.

    1Reply
  • Luke Miller
    Investor · Front Royal, VA · Member since 2013 · 586 posts · 418 votes
    6y

    @Nicholas Trans if you're looking to be 100% passive that really limits your REI options. It's not a bad thing at all though! I would focus on trying to maximize your income to passively invest in syndications or other wealth GENERATING products.

    You're well positioned to succeed, but you might need to narrow your focus to passive strategies. Bigger Pockets is great, but sometimes it can be distracting with all of the different strategies they cover. Some might not be possible for you.

    Whatever you decide, just get started - that's the key!

    0Reply
  • David Campbell
    Investor · San Diego, CA · Member since 2017 · 190 posts · 117 votes
    6y

    @Nicholas Trans

    Hey Nick I saw you mentioned frommilitarytomillionaire. If you listen to episode #71 I was a guest and spoke on managing/find deals from long distances. Not as long a distance as you but the practices still apply!

    0Reply
  • Peter Nikic
    Investor · New York & TN · Member since 2019 · 325 posts · 219 votes
    6y

    I've done well with investng in MF properties, both for myself (as property manager & investor) and for my passive investor partners. We have a strong trust relationship, which I beleive is very important, and it works really well. 

    0Reply
  • Nicholas Trans
    OP
    Rental Property Investor · CA · Member since 2020 · 11 posts · 2 votes
    6y
    Originally posted by @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.

    Hello Charles, 

    Thank you for your response. Actually, syndcation was one of the first passive investing strategies I researched. The only real barrier to entry with syndications is that I'm definitely not an accredited investor nor a "sophisticated" one. Because of this, I've been looking into partnership/JVs. You're right, I do want to find a team that's already been established and sort of "buy in," if you will. Now, I'm a firm believer of not being able to help someone who doesn't help themselves, so I'm making sure to put in the work and due diligence before jumping into anything big either on my own or with others.


    -Nick 

    0Reply
  • Nicholas Trans
    OP
    Rental Property Investor · CA · Member since 2020 · 11 posts · 2 votes
    6y
    Originally posted by @Luke Miller:

    @Nicholas Trans if you're looking to be 100% passive that really limits your REI options. It's not a bad thing at all though! I would focus on trying to maximize your income to passively invest in syndications or other wealth GENERATING products.

    You're well positioned to succeed, but you might need to narrow your focus to passive strategies. Bigger Pockets is great, but sometimes it can be distracting with all of the different strategies they cover. Some might not be possible for you.

    Whatever you decide, just get started - that's the key!

    Hello Lucas,

    Thank you for your response! Yes, I realize that was an open-ended question and it will take hard work on my end to be truly 100% passive. When I first began researching passive REI, I came across the idea of syndications. The thing I noticed with this was that it's rather difficult to do a search for syndications since it seems to be a word of mouth or invite only type of business agreement. How do you suggest searching for this type of investment strategy and how would you put your feelers out there? I currently have just one syndication in mind and that was purely by chance when I was listening to a podcast.

    -Nick

    0Reply
  • Nicholas Trans
    OP
    Rental Property Investor · CA · Member since 2020 · 11 posts · 2 votes
    6y
    Originally posted by @David Campbell:

    @Nicholas Trans

    Hey Nick I saw you mentioned frommilitarytomillionaire. If you listen to episode #71 I was a guest and spoke on managing/find deals from long distances. Not as long a distance as you but the practices still apply!

    Hello David,

    Yes! I love David Pere's videos as I feel like the concepts of overseas REI can apply to me. I was prior AF so everyday I regret not getting into REI and having the COLA or BAH pay for the mortgage as I collect the cash flow! If I remember correctly, you are one of the founders of Storehouse 3:10 Ventures right? I will have to revisit that episode. Thank you!

    -Nick

    0Reply
  • Nicholas Trans
    OP
    Rental Property Investor · CA · Member since 2020 · 11 posts · 2 votes
    6y
    Originally posted by @Peter Nikic:

    I've done well with investng in MF properties, both for myself (as property manager & investor) and for my passive investor partners. We have a strong trust relationship, which I beleive is very important, and it works really well. 

     Hello Peter,

    Thank you for your response! I believe trust is monumental in any partnership. Do you have any recommendations on how I should get started on building my remote team? As of now, I've personally reached out to various property managers in various markets. Hopefully, through them, I can gain access to their network of lenders, contractors, and deal finders. Thanks!

    -Nick

    0Reply
  • Roni E.Pro Member
    Specialist · Earth 2.0 · Member since 2019 · 598 posts · 271 votes
    6y

    I would speak to your attorney and CPA. You should see if qualify as an Accredited Investor or not. Then in speaking with your CPA and lawyer could setup up a LLC and get an ein.

    0Reply
  • John FortesPro Member
    Multi-Family Syndicator · Abington, MA · Member since 2017 · 603 posts · 347 votes
    6y

    Enjoy that life experience you and your family are receiving working abroad. I admire your FIRE goals as well. 

    At this point you don't need me to tell you that syndications are solid passive investments in real estate. There are other options as well that might turn you from passive to active which is hard money lending to flippers. If they don't perform and you take over the investment, you're looking to sell the asset to someone else to complete or you are likely to complete it on your own. This might be difficult for you being an ocean away but wanted to provide some perspective on the different avenue. 

    Good luck and happy investing!

    0Reply
  • Michael Ealy
    Developer · Cincinnati, OH · Member since 2018 · 1k+ posts · 3k+ votes
    6y
    Originally posted by @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.

     Nicholas,

    There are only three totally passive ways to invest in real estate: (or 4 ways)

    1. Syndications

    2. Private lending

    3. Buying mortgage notes or buying tax lien certificates

    All the rest require some time to manage the property or manage the PM who manages the property.

    Now, with regard to syndication, you can invest even if you're non-accredited as long as you have pre-existing relationships with the sponsor. How do you establish pre-existing relationships? You can't invest because of one email. You can call sponsors and see the deals they work on. You can ask questions and learn over time (could be several weeks or several months or even a couple of years). You're vetting them and at the same time, establishing that relationship with them.

    Not all my investors are accredited. I am sure other sponsors do the same. I use an accreditation form just to document when I spoke to the investor and that can be used as a basis for preexisting relationship. Now, having said that, I am not an attorney so don't construe the above as legal advice. Please consult your own attorney.

    By the way, where in Japan are you located?

    I have investors from Asia by the way - in China. Here's a post I made about my experience with Chinese investors:

    https://www.biggerpockets.com/forums/432/topics/738518-how-to-raise-private-capital-experience-with-chinese-investors

    0Reply
  • Alan Sue
    Yokohama Shi, Kanagawa-ken · Member since 2016 · 38 posts · 14 votes
    6y

    Hey @Nicholas Trans!

    Welcome to the world of REI! I'm actually living in Yokohama, and started investing in the US while I'm here. I can't speak from experience from the other options, but I have done some turnkey as well as working with teams while I've been here. I've had both great experiences and horrible experiences, and can echo everybody here that making sure you vet the people you work with and trust is important.

    Even sometimes after you vet them it doesn't come out how they are until you have started working with them. I think a key too is to not let one single experience define REI for you. It's easy to get jaded from one transaction/experience, but of course use wisdom every chance you get.

    Even through all the bad experiences, I have had more good and its definitely working. Personally I've been leaning more towards the turnkey route, as it is not the most passive, I feel like it provides a good balance between the passivity and return.

    0Reply
  • Matthew Bryant
    Member since 2018 · 1 post · 0 votes
    6y

    Hi Nick,

    I'm currently in the military, stationed in Japan, and have done several deals in the US from overseas. The asset I've used the most so far is Roofstock.com. I've purchased several properties through them (site-unseen, obviously) and can attest that they provide a safe, user-friendly experience and are more than happy to work with you through the difficulties of buying from a drastically different time zone. There are several threads on BP that detail the pros and cons of Roofstock specifically, but here are some of the highlights:

    -you place bids on houses, and only pay money if you win a bid. There is a nonrefundable $500 marketplace fee for winning a bid.

    -properties are available either rented or vacant. Buying vacant properties comes with a Roofstock guarantee, which entails them paying 85% of the market rent to you until you get a tenant, for up to a year. \

    -Roofstock will work with you to ensure that you are getting a clean title, and will also recommend property management and insurance companies in the local area so that the transition is as simple as possible. 


    I'm happy to answer any other questions you have. 

    0Reply
  • Matthew Shedd
    Member since 2018 · 20 posts · 17 votes
    6y

    Nicholas, welcome to the forum and REI. I think you're wise to pursue this goal. I caveat my comments by stating that I consider my wife and me novice investors. We got started while in the Foreign Service and serving abroad as well. I only wish we had started years before when we were in the military. I recommend collecting sufficient information to make a sound and balanced decision, then take action. Countless pubs and gurus will say the same thing; inaction will defeat your goals. Based on your circumstances (though others may disagree), I recommend buying a SFH or small MFH through either a TK company or other network of trusted advisors that will get your feet wet and help you learn. Make the purchase safe enough that if things don't go well, if won't impact your financial security. Such a purchase will 1) build your confidence, 2) teach you a lot about the process, and 3) spur you to follow through on subsequent purchases. Hope this helps. Matt

    0Reply
  • Nicholas Trans
    OP
    Rental Property Investor · CA · Member since 2020 · 11 posts · 2 votes
    6y
    Originally posted by @Roni E.:

    I would speak to your attorney and CPA. You should see if qualify as an Accredited Investor or not. Then in speaking with your CPA and lawyer could setup up a LLC and get an ein.

    Hello Roni,

    Thank you for your input. I plan on doing my due diligence and reaching out to experts in pursuit of my real estate investing goals. 

    -Nick

    0Reply
  • Nicholas Trans
    OP
    Rental Property Investor · CA · Member since 2020 · 11 posts · 2 votes
    6y
    Originally posted by @John Fortes:

    Enjoy that life experience you and your family are receiving working abroad. I admire your FIRE goals as well. 

    At this point you don't need me to tell you that syndications are solid passive investments in real estate. There are other options as well that might turn you from passive to active which is hard money lending to flippers. If they don't perform and you take over the investment, you're looking to sell the asset to someone else to complete or you are likely to complete it on your own. This might be difficult for you being an ocean away but wanted to provide some perspective on the different avenue. 

    Good luck and happy investing!

    Hi John,

    Thank you so much for your input. We are definitely enjoying ourselves out here, but work has been picking up so that's why I've turned to REI to hit that FIRE goal and hopefully quit haha. Yes, that is a good point about syndications. I'm actually in contact with a few right now that open their investing options up to non-accredited investors such as myself.

    Nick

    1Reply
  • Nicholas Trans
    OP
    Rental Property Investor · CA · Member since 2020 · 11 posts · 2 votes
    6y
    Originally posted by @Michael Ealy:

     Nicholas,

    There are only three totally passive ways to invest in real estate: (or 4 ways)

    1. Syndications

    2. Private lending

    3. Buying mortgage notes or buying tax lien certificates

    All the rest require some time to manage the property or manage the PM who manages the property.

    Now, with regard to syndication, you can invest even if you're non-accredited as long as you have pre-existing relationships with the sponsor. How do you establish pre-existing relationships? You can't invest because of one email. You can call sponsors and see the deals they work on. You can ask questions and learn over time (could be several weeks or several months or even a couple of years). You're vetting them and at the same time, establishing that relationship with them.

    Not all my investors are accredited. I am sure other sponsors do the same. I use an accreditation form just to document when I spoke to the investor and that can be used as a basis for preexisting relationship. Now, having said that, I am not an attorney so don't construe the above as legal advice. Please consult your own attorney.

    By the way, where in Japan are you located?

    I have investors from Asia by the way - in China. Here's a post I made about my experience with Chinese investors:

    https://www.biggerpockets.com/forums/432/topics/738518-how-to-raise-private-capital-experience-with-chinese-investors

    Hello Michael,

    Wow, thank you so much for the detailed response. Yes, I'm leaning more towards syndications so I've actually been in touch with a few that open up opportunities to non-accredited investors such as myself. I'm maintaining communications via email and phone to build that professional relationship as you've mentioned. Thank you for sharing the article, I will definitely take a look at it. I'm currently living in Tokyo, Japan near a military base and loving it. We are a little more on the countryside so we don't have to deal with the hustle and bustle of the city life you normally see in movies. 

    Nick

    0Reply
  • Nicholas Trans
    OP
    Rental Property Investor · CA · Member since 2020 · 11 posts · 2 votes
    6y
    Originally posted by @Alan Sue:

    Hey @Nicholas Trans!

    Welcome to the world of REI! I'm actually living in Yokohama, and started investing in the US while I'm here. I can't speak from experience from the other options, but I have done some turnkey as well as working with teams while I've been here. I've had both great experiences and horrible experiences, and can echo everybody here that making sure you vet the people you work with and trust is important.

    Even sometimes after you vet them it doesn't come out how they are until you have started working with them. I think a key too is to not let one single experience define REI for you. It's easy to get jaded from one transaction/experience, but of course use wisdom every chance you get.

    Even through all the bad experiences, I have had more good and its definitely working. Personally I've been leaning more towards the turnkey route, as it is not the most passive, I feel like it provides a good balance between the passivity and return.

    Hello Alan,

    Thanks for your response! Yes, I've been trying my best at vetting anyone I come in contact with during this REI journey. It's important to practice the "CYA" concept, am I right (lol)? Oh I'm a few hours away from Yokosuka; I went there for my graduate studies and loved shopping at the impressive NEX. You guys always have the best stuff compared to the other bases I've been to haha. Okay so turnkey is another strategy I can take. I've heard of turnkey providers such as roofstock; do you think this is legit? I hope to cross paths with you over here in Nihon. Thanks.

    Nick

    0Reply
  • Nicholas Trans
    OP
    Rental Property Investor · CA · Member since 2020 · 11 posts · 2 votes
    6y
    Originally posted by @Matthew Bryant:

    Hi Nick,

    I'm currently in the military, stationed in Japan, and have done several deals in the US from overseas. The asset I've used the most so far is Roofstock.com. I've purchased several properties through them (site-unseen, obviously) and can attest that they provide a safe, user-friendly experience and are more than happy to work with you through the difficulties of buying from a drastically different time zone. There are several threads on BP that detail the pros and cons of Roofstock specifically, but here are some of the highlights:

    -you place bids on houses, and only pay money if you win a bid. There is a nonrefundable $500 marketplace fee for winning a bid.

    -properties are available either rented or vacant. Buying vacant properties comes with a Roofstock guarantee, which entails them paying 85% of the market rent to you until you get a tenant, for up to a year. \

    -Roofstock will work with you to ensure that you are getting a clean title, and will also recommend property management and insurance companies in the local area so that the transition is as simple as possible. 


    I'm happy to answer any other questions you have. 

    Hello Matthew,

    First off, thank you for your service. I'm also in Japan and hope to cross paths with you to discuss REI ideas. Depending on your branch of service, I could probably guess which base you're at lol (been here a long time). Since you've mentioned roofstock, I've been really looking into it. I will definitely need to find out more based on your personal experience via direct message. Thanks for your detailed response and highlights regarding RoofStock, I really appreciate it.

    Nick

    0Reply
  • Nicholas Trans
    OP
    Rental Property Investor · CA · Member since 2020 · 11 posts · 2 votes
    6y
    Originally posted by @Matthew Shedd:

    Nicholas, welcome to the forum and REI. I think you're wise to pursue this goal. I caveat my comments by stating that I consider my wife and me novice investors. We got started while in the Foreign Service and serving abroad as well. I only wish we had started years before when we were in the military. I recommend collecting sufficient information to make a sound and balanced decision, then take action. Countless pubs and gurus will say the same thing; inaction will defeat your goals. Based on your circumstances (though others may disagree), I recommend buying a SFH or small MFH through either a TK company or other network of trusted advisors that will get your feet wet and help you learn. Make the purchase safe enough that if things don't go well, if won't impact your financial security. Such a purchase will 1) build your confidence, 2) teach you a lot about the process, and 3) spur you to follow through on subsequent purchases. Hope this helps. Matt

    Hello Matthew,

    Thank you for your detailed response. Yes, that seems to be the common regret of people in our situation, not starting sooner. I wish I had realized this goal when I first moved back to Japan after separating from the military. I definitely had enough cash saved for a down payment on a property but instead, it was wasting away in a savings account or low risk MF. Well, we all start somewhere. Here's to the next 10 years where we reach financial freedom through REI. I totally agree with you about starting off with SFH/MFH. We just need to do that, START! I appreciate your key points and words of wisdom, which is very encouraging. I wish you and your wife the best of luck during this journey as well. We're all gonna make it!

    Nick

    0Reply
  • James Wise
    Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes
    6y
    Originally posted by @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.

     Welcome aboard my man.

    0Reply
  • Marlen Weber
    Specialist · Plano, TX · Member since 2020 · 2k+ posts · 861 votes
    6y

    @Nicholas Trans Welcome to BP and best of luck on your overseas journey. 

    0Reply
  • Joseph CacciapagliaBusiness Member
    Lender · San Antonio, TX · Member since 2020 · 1k+ posts · 1k+ votes
    6y

    Buying turn-key homes or multifamily isn't 100% passive, but can be extremely close to it, if you have a solid property manager. I know a lot of investors that buy properties here in San Antonio from out of state, and some of them have never even seen their properties in real life. A good property manager will handle 100% of the issues that arise. They will contact you and give you options, whenever something comes up. They'll have in house maintenance for small problems, and have plenty of vendors for larger issues. You will have to make decisions, unless you grant them discretion for certain things. I like this strategy better than most syndication deals, because you have more control. You can refi or sell whenever you want. You can decide to upgrade units when you have additional cash, and it makes sense, or you can switch to vacation rental, if your manager provides that service.

    [email protected]979-218-2286
    Joseph Cacciapaglia powered by Morty
    WebsiteView Page
    0Reply
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