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Updated about 1 year ago on . Most recent reply

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3
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Chandler Alexander
  • Realtor
  • Fort lauderdale, FL
3
Votes |
3
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Starting out Out of state investing

Chandler Alexander
  • Realtor
  • Fort lauderdale, FL
Posted

Does anyone have any tips on starting out for out of state investing. I found a property that seemed would work but a lender that I was referred to said they wouldn't be able to finance the loan because I lived out of state and they do not like doing something like this. Should I invest in my area? Problem is in my area the barrier to entry is so high it would take me so much longer. Any suggestions ?

Most Popular Reply

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757
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Julien Jeannot
  • CPA, Real Estate Broker & Investor
  • Seattle & Woodinville, WA
1,041
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757
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Julien Jeannot
  • CPA, Real Estate Broker & Investor
  • Seattle & Woodinville, WA
Replied

@Chandler Alexander

I'd recommend house hacking. 

- Allows owner occupied financing

- Subsidized living expenses

- A soft intro to landlording

- Equity build

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