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Updated over 4 years ago on . Most recent reply

User Stats

32
Posts
4
Votes
Phillip Tamez
  • Rental Property Investor
  • Jacksonville, FL
4
Votes |
32
Posts

Investing in the middle of the ocean?

Phillip Tamez
  • Rental Property Investor
  • Jacksonville, FL
Posted

Hey BP,

So I’m in the middle of building my team, talking to contractors, lenders, etc. One thing I still have yet to figure out is, how do I invest and stay on top of things while out in the middle of the ocean (underway, deployment)? I’m in the Navy and will be going on numerous underways along with deployment almost all of next year. Is it a lost cause to try and invest while being away so long? There isn’t much communication except email that works maybe 80% of the time and limited outside call use. Anybody else have insight on how to do this, know somebody that does this (in the Navy), or has some kind of strategy on how to do this successfully? I’m looking to fix n flip a few houses before I start BRRRRing. Thanks everyone!

Most Popular Reply

User Stats

123
Posts
64
Votes
Suzy Sevier
  • Rental Property Investor
  • Cambridge, UK
64
Votes |
123
Posts
Suzy Sevier
  • Rental Property Investor
  • Cambridge, UK
Replied

@Phillip Tamez just ensure that you take plenty of time setting up and vetting your team in the market you are interested in. Once setup, ensure you have solid systems and processes in place that will make everything smooth from a distance. Can you all communicate via WhatsApp? If you haven't read David Greene's book on Long Distance REI then I would recommend you read through that. He talks a lot about what you need to have in place when investing long distance. Best of luck!

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