Buying your first property out of state...

[Luis Rodriguez]

I'm looking to buy my first multi family home for cash flow by the end of the year. I just joined BP and still soaking up all the info I can. I've saved a decent amount of money,I don't have any debt, and have great credit scores.

I wanted to ask how did other investors in my position go about finding homes out of state ? How did it turn out ? Any advice on the do's and dont's ? I would of loved to have been able to manage something local but thats not going to happen in NYC. PA,FL, and GA seem like good places for cash flow.

Thanks in advance.

[Luka Milicevic]

I'm guessing you're looking out of state because your local market is too expensive/too hot? Perhaps look at the surrounding suburbs and cities on the outskirts of the metropolitan areas. It's always harder to invest out of state. My first deal was an hour away. Even that was tough. I think there was an early podcast that covered out of state properties. I can't remember which one it was, but check out all the posts and blogs about out of state investing. There are plenty.