Managing multifamily rentals from overseas? Feasible?

Question

Hi!

Im planning to invest in Central America in the upcoming months but Ive to consider that I´ll need to move in 2-3 years maybe. My main purpose is to learn how to invest in Commercial Real Estate and, of course, build a strong cashflow system to support my finances and I want to buy and hold and not selling once I going to move out. I want to maintain what will be build.

The main doubt for me is to build that system big enough to support have employees and the ability to have someone trustworthy that will travel there and visit the properties several times a year.

The major concern Im worried about is to depend on people there (on site managers/property managers, and, if something fails, I´d not be there to fix it and select a proper replacement. You guys have any tips?

Thanks!

Andrew Syrios · Answer

I would refer to my article on out-of-state investing, which would apply to out-of-country investing, just even more so (i.e. be even more cautious and vet the manager more): https://www.biggerpockets.com/blog/2014-12-23-investing-out-of-state-essential-items-to-vet

I hope that helps!

Andrew Syrios · Answer

Out of state is tough enough, I would be even more nervous to so abroad, especially if the country isn't one of the most stable (i.e. Europe or East Asia). I would consider Latin America if seemed like a great deal and was a relatively small investment (given the size of my portfolio). Overall, I would be very careful and concerned about such an investment.