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Updated over 4 years ago,
Managing multifamily rentals from overseas? Feasible?
Hi!
Im planning to invest in Central America in the upcoming months but Ive to consider that I´ll need to move in 2-3 years maybe. My main purpose is to learn how to invest in Commercial Real Estate and, of course, build a strong cashflow system to support my finances and I want to buy and hold and not selling once I going to move out. I want to maintain what will be build.
The main doubt for me is to build that system big enough to support have employees and the ability to have someone trustworthy that will travel there and visit the properties several times a year.
The major concern Im worried about is to depend on people there (on site managers/property managers, and, if something fails, I´d not be there to fix it and select a proper replacement. You guys have any tips?
Thanks!