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Updated almost 6 years ago,
Very First Investment Out of State?
I've been doing a lot of research on real estate investing lately. I live in Portland, and the BRRR strategy is basically impossible here. Ohio looks pretty enticing with property values well under 50k, and cash flow over 1%
However, most properties are in pretty bad shape, and would definitely need some work. Having to work with contractors remotely seems really sketchy to me, as well as not being able to see the quality of work or condition of the property. Is it a bad idea to start out of state with no experience in any of this?
Looking for people who have experience with out of state investing and could offer some insight! Would also love to meet up with anyone in the Portland area to chat over coffee or lunch!