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Updated over 6 years ago on . Most recent reply

User Stats

144
Posts
35
Votes
Mary Ann
  • Investor
  • Polk County, FL
35
Votes |
144
Posts

Managing Out State Props When Where U Live Too Much $$$

Mary Ann
  • Investor
  • Polk County, FL
Posted

I live in Brooklyn and properties in the area are expensive, I don't want to leverage myself more than 125K for my first buy - even with a partner.  Outside of the area, including Florida where I lived, there are cheaper properties in my range, but need rehab work.  Should I get something out of state and manage rehab from afar or are there people who can manage for you? Or should I get something where I am right now, even though comps can go up to 650K.  I worry that managing from afar may be a challenge.  Anyone do this?

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