My current deal has been delayed for over 30 days because the Launch rep wasn't aware that you cannot wire money from an offshore account- by federal regulation, the money must season in a US bank account for 30 days.

So outsourcing some degree of property mgmt would be a must... but the deal won't work paying a local property manager a large % of my revenue...Instead, I would set up my "boots on the ground" (cleaners, handyman), and would need an offshore virtual assistant to manage guests and coordination of my local team. 

It was a very bad idea to have hardware manufacturing move offshore.

ya the one I just mentioned to Jay Hurst was a guy who supposedly had off shore money and would get us a large line just needed to give them 500k.. big dog and pony show at wall st lawyer etc.. they even had shills for references that we called and again just did not pass the sniff test..

Over 90% of the textile industry from US has been offshored.

Myself I had my title company pull every NOD in the MSA which was 4 counties 2.5 mil people. create a spread sheet and they would up date it daily as new NOD's came in.they would give me address  lien position  tax information and lien judgment search.. having our title plants digitized and off shore allows for this data to be gotten in a few clicks.. then when I got my short list I would give them that list about 48 hours before the sale and they would do a date down for me on those..

😁 Your Name - Joel and Mary Ann Bongco  - Honolulu, Hawaii🧠 What would you consider your area of expertise - Tech, REI CRM,  Offshore Lead Generation Analysts,   AI Driven Contact Centers,  Hawaii Real Estate Investing, Market Place Leadership  (Mission Driven Real Estate Investing - People Over Profits)🙌 What are you most looking to get out of BPCON 2024 -  Networking, creating new relationships, finding out "what we don't know, we don't know regarding Real Estate"  🤝 Fill in the blank: If I could make a great connection with someone who is an expert in _________ at BPCON2024 then I would leave BPCON happy - Scaling our Real Estate Portfolio 🗓️ What session are you most looking forward to?

Only going to continue to get worse with the digitization of things like notaries, etc.Pace + his team recently organized a Zoom meeting with the Attorney Generals of Utah and California where they discussed some of the new big scams in the world of real estate...One of the biggest things they are seeing is people falsifying ownership of raw land and listing on MLS for big discounts WITH RE AGENTS and then selling as if they own the land.Title closes, money is transferred, then the cash disappears into offshore accounts.

Cheers,Dan  Dan, investing OOS is like drilling for oil off-shore vs on land: everything is harder, you need different tools and skills, and everything costs more.

When I asked him about asset protection and trusts he was pretty clear that unless I owned a good amount of properties it wouldn’t make sense for me to open trusts or set up offshores.