Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 9 years ago, 11/02/2015
out of state investment in multifamily house
hi
I own a single family rental property in southern ca. I have been doing it just over a year and that gave me little confidence to explore investing more. I am thinking of buying 2-4 units in phoenix, az. I have a friend living there who can help me with occasional visit if I need to check out anything. But I have to hire a good property management. This is where I am being cautioned by everyone I have been discussing this idea. It seems impossible for a newbie to find a good property management.
My plan is to take cash out of my house and put it as down for this investment. I started working with some agent for refi and i might be able to get pre qualification. The math seem to work ok but big variable seem to be property management.
So far the advice I have been getting are all pretty discouraging. So wanted to check with some experts here.