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Updated over 5 years ago on . Most recent reply
![Jagpreet Singh's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/732902/1641397294-avatar-jagpreets2.jpg?twic=v1/output=image/crop=629x629@31x28/cover=128x128&v=2)
Buying property in another state - How do I do it???
Hello Bigger Pockets Community!
Currently I live in NYC and am looking to invest in a property (first one). As many of you may know, NY is expensive! Because of this, I'd like to look into a rental property out of state since the prices can be much lower (estimate about $40k down payment). I've done some research and saw that Florida (Tampa for example) have homes within the price range I'm looking for.
My question is how do I go about doing this? Do I need a lawyer/accountant from the state of purchase? Any suggestions on up and coming cities that show appreciation and rental potential?
Thanks!
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Buying properties out of state is easy you have to have a great team on the ground to be your eyes and ears and hands.. I do a lot of work in Ohio and Missouri where there are great prices and returns and yes you can get a property there duplexes even for 40 k fully renovated and rented and property management all in place . More then willing to share my contacts they are great people