Updated about 5 years ago on . Most recent reply
Managing Properties While Stationed Overseas
Hello All!
I am in the US Army and will be PCS'ing to South Korea in February for 3 years. My wife and I caught the real estate bug and want to buy our first investment property prior to our PCS. We are looking at buying in Arizona for multiple reasons but also because we fell in love with our real estate agent in Arizona. We have been doing our homework by reading bigger pockets books, listening to podcasts, speaking with other experienced investors, and scouring real estate websites. We are not looking to treat this as a hobby but rather a business so we will be building our "team" prior to investing. Our concern is being 16 hours ahead and being thousands of miles away while we are in Korea, and the property not being managed to our standards or things becoming too difficult from such a distance.
My question for the group is, does anyone have an experience with investing in this type of scenario or know anyone that has? What are your thoughts and suggestions on taking on this type of investment? Any other suggestions you have that will help us achieve our investment goals would highly appreciated!