New long, long distance buy and hold investor in Georgia

[Pyrrha Rivers]

Hello, I am Pyrrha (pronounced like Vera with a “P”) J I’m a newbie from Stone Mountain, GA via Japan.

I own a home and have family in GA, but currently my day job is in Japan where I teach Spanish to the lovely children of our US navy service members. I Have been interested REI since childhood but it is only this year that I am able to actually jump in and make my first purchase after some preparation Which I know won't be enough, like taking an expensive coaching course, podcasts watching, lots of reading, much of it on this forum but just as an observer, deciding what strategy suits me best and paying off my home to use it equity as capital.

The strategy I decided to adopt is to buy and hold modest single family homes purchased for $30,000 or less.

I know that distance is an additional challenge I am going to confront, but with the help of one of my daughters willing to be active on the field along with solid property management I am going to get it started.

I am unable to attend any REIA meetings so I will rely heavily on education available in this community as I have seen it to be very solid and supportive. Thank you for all you have already taught me! I would really appreciate any tips and pearls of wisdom you are willing to share ho help me navigate through the many hurdles of being not only out of town but out of continent! I am very excited to be at this point of the journey. :)

[Tom Yung]

Hi, welcome to long distance buy & hold. I am doing the same thing from Canada. I found out one of the most important team member is your property manager; which can really make or break it for you. At least you have your daughter on the ground for you. That is half of the battle already. congratulation on your first.