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Updated over 6 years ago,
Newb/Questions, Out-of-State investing + Team
Hello BP,
Thanks for taking the time, I had a few questions as a first-timer.
My Goal: To invest into rental properties for long-term cash flow.
I live in Cali, but after running the numbers on numerous houses here it has become obvious that this area is not necessarily ideal at the moment, never mind the other legal issues. So, I want to invest in Texas, primarily with owner financing. I have ran several single-family homes and found them to be quite ideal in terms of return using the calculators here.
My first question is;
How do you manage to work a deal with an out-of-state house?
Texas, is definitely not a quick drive for me and I would rather not have to fly every time I want to buy there. Do you have any experience or thoughts on this?
Next, is the lack of a team on my part.
I am aware there are several types of people I want to be in contact with, especially because I want to go the route of having my houses under land trusts (managed by) LLC (managed by) Living trusts. Are there commonly utilized Lawyers & Accountants that specialize in these things used by the BP community?
Thanks again