say I do a subject2, then I have to move possibly over seas, would I have to come back? Is there a process be to make it so I wouldn’t have to come back?
[addsig]
Tonyy,
It's not clear from your post whether you intend to be the seller or the buyer in your proposed situation and you don't mention if you plan on coming back. That would help.
Regardless, you can always find folks to handle details for you, no matter where you are. Of course, certain risks increase with each item delegated and only you know if the risk/reward ratio is worth it.
Tony,
If moving overseas is a serious possibility, I'd be careful in my selections. I think that you could have a team of folks here to handle maintenance, marketing, management, legal, etc. but why mess with it?
I'd suggest making sure you buy with plenty of equity so that you can just sell off if needed and move on. Even if you decided to keep it for a while, the equity cushion provides flexibility for the future in regards to riding out economic downturns, lowering rents if needed, and sales price reductions. I certainly wouldn't want to own a low equity or no equity deal from across the pond, but then again, I don't want to own them here, either. LOL...
I think you can do it, but I'd give it serious consideration....
[addsig]
Tonyy,
It's not clear from your post whether you intend to be the seller or the buyer in your proposed situation and you don't mention if you plan on coming back. That would help.
Regardless, you can always find folks to handle details for you, no matter where you are. Of course, certain risks increase with each item delegated and only you know if the risk/reward ratio is worth it.
I would be the investor buying and setting up to sell to my buyer
[addsig]
Tony,
If moving overseas is a serious possibility, I'd be careful in my selections. I think that you could have a team of folks here to handle maintenance, marketing, management, legal, etc. but why mess with it?
I'd suggest making sure you buy with plenty of equity so that you can just sell off if needed and move on. Even if you decided to keep it for a while, the equity cushion provides flexibility for the future in regards to riding out economic downturns, lowering rents if needed, and sales price reductions. I certainly wouldn't want to own a low equity or no equity deal from across the pond, but then again, I don't want to own them here, either. LOL...
I think you can do it, but I'd give it serious consideration....
[addsig]
when you say across the pond, it sounds like you were/are military. is that a correct assumption?
[addsig]
Tony,
Nope, not me. My sincere thanks to those who have served, but I never considered it as a voluntary choice.
In my prior life (corp world) I spoke to folks around the world on a daily basis and just always liked that expression.