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Investing in Real Estate from Overseas as Military
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Derek Horn, an explosive ordinance disposal expert in the Air Force, shares how he accidentally got into real estate investing by purchasing his first home. He grew his portfolio through a family deal, and eventually invested passively by partnering with a syndicator. Derek provides unique insights into considerations military members face when investing remotely, utilizing property managers, and thinking long-term about financial freedom.
Timestamps
[00:00] Introduction to Derek Horn's background
[07:35] Buying his first investment property by accident
[08:53] Growing his portfolio through a family deal
[13:15] Partnering with a syndicator for passive investing
[23:19] Dealing with evictions as a remote investor
[27:57] Managing property managers as a remote investor
[34:14] Hosting a group for military passive investors
Key Takeaways
- Derek started investing by accident when he purchased a home to remodel and rent out. This led to buying more properties in different locations during military moves.
- Partnering with family on a property deal allowed Derek to quickly scale up his portfolio. Family deals can provide opportunities not available on the open market.
- Investing remotely from overseas locations like Japan limits options for finding deals, leading Derek to partner with a syndicator for passive investing opportunities.
- As a remote investor, hiring property managers is helpful but does not make investing completely passive. Managing the managers is an ongoing task.
- Derek hosts a group for military members interested in passive investing. This provides invaluable networking and the ability to discuss military-specific investing considerations.
Resources & Social Media
- Active Duty Passive Income Group: https://www.facebook.com/ActiveDutyPassiveIncome
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