New Out of State Investor

[Matthew Crawford]

Hello everyone! I am at the beginning of my investment journey with the goal of purchasing my first three properties this year in the Charlotte, NC area! I've done my homework and am ready to take action and purchase my first BRRRR within the next 60 days. Not only am I out of state, I'm actually out of country stationed in Japan.

     My goal is multi-family, but I'm not against starting out with single family to learn and grow my funds to be in a better position to go after multi-family. Long term, I want to take the next six years to completely replace my W-2 income with real estate so I can retire from the military in 2028 and live anywhere off of the passive income. 

     I know I'm not the first to do this, but I am having some areas that I am struggling to wrap my head around. For example, if I were to buy from a wholesaler, what are some ways I can close the deal/provide downpayment/sign contracts from the other side of the globe? On the lender side, I had one tell me that I needed to go to the Embassy to sign the paperwork, I'm curious what others have done in a similar situation and what my options are or some tips and tricks people have learn along the way. Thanks!

-Matt

[Matthew Crawford]

@Doug Spence Thanks! Yes, I have read them both and also Investing with No and Low Money Down. After reading those, watching plenty of YouTube and podcasts, I feel that I'm ready to make my first move and close on a deal. Being 14 hours ahead of my target market is one of my biggest issues right now. I'm stuck on the fact that I do not have a solid person in the area I can rely on to look at potential properties and work with to close the deal in the short time frame. 

How did you find someone to work with as your boots on the ground since you were out of the area?

-Matt