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Updated over 5 years ago on . Most recent reply

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19
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Jagpreet Singh
  • Queens Village, NY
25
Votes |
19
Posts

Buying property in another state - How do I do it???

Jagpreet Singh
  • Queens Village, NY
Posted

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!

Most Popular Reply

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696
Posts
258
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Linda Labbe
  • Investor
  • North Bay, Ontario
258
Votes |
696
Posts
Linda Labbe
  • Investor
  • North Bay, Ontario
Replied

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

  • Linda Labbe
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