#127 | Investing Overseas While on Deployment ($40k Mistake!)

Overseas investing sometimes is the only option for military members who want to get their start in real estate investing. This is exactly how Angel Garcia got his start, by accidentally “investing” in real estate.

Angel bought his first house as a way to ensure financial security for his wife and daughter, but when he was re-stationed, he decided to give landlording a go. He bought another primary residence, but once again, was forced to move, leaving him with two rental properties. He started to notice the cash flow coming in, and with some help from David Green’s Book Long-Distance Real Estate Investing, he made the jump to invest out-of-state.

He made an offer on the perfect property, a $55,000 duplex, but when his inspector wouldn’t even enter the house, he knew he may have made a mistake. This home had $40,000 in foundation damage that needed to be repaired, turning his small investment into a cash-heavy burden. Through perseverance and the ability to learn from past mistakes, Angel was able to make this rental cash flow a respectable amount and it allowed him to get even further along the path to financial freedom.

~~~~
Join the Real Estate Rookie Facebook Group:
https://www.facebook.com/groups/realestaterookie
~~~~
Connect with Angel on Facebook or Send Him an Email:
Facebook: https://www.facebook.com/groups/215108286202867/user/513543824
Email: angelgarciarei@gmail.com
~~~~
Try the BiggerPockets Investment Calculators on Your Next Deal:
https://www.biggerpockets.com/investment-calculators
~~~~
Grab Your Copy of “Long-Distance Real Estate Investing”:
Long-Distance Real Estate Investing
~~~~
A Complete Guide to the VA Loan:

A Complete Guide to the VA Loan

~~~~
Is Foundation Damage Always a Deal-Breaker?

0:00 Intro
4:25 Educator turned Officer in The Army
6:25 Investing On Deployment (Thanks to BiggerPockets!)
12:38 Investing with a VA Loan
18:00 Don’t Talk Yourself Out of a Great Decision
21:25 Helping Others Get Their Start in Real Estate
30:31 You Can Always Do Something
32:59 Choosing an Investing Strategy That Works for You
36:22 Deal Deep Dive
47:26 Mindset Segment
52:41 Rookie Request Line
55:00 Rookie Rockstar

Is Foundation Damage Always a Deal-Breaker?

~~~~
Follow Ashley and Tony on Instagram:
@wealthfromrentals or https://www.instagram.com/wealthfromrentals/
@tonyjrobinson or https://www.instagram.com/tonyjrobinson/

Episode 127

Show notes at: https://www.biggerpockets.com/rookie127