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Updated over 5 years ago,
Long distance buy and hold.
I am new to real estate investing, in fact, I don't have any properties at the moment. I've been doing research in different markets of the country to invest in and more specifically interested in buy and hold. I would like to find out from experienced investors that started their real estate career with long distance investments. I'm looking for advice from investors that went from zero real estate experience to start investing in a different state.
1. With what you know today would you do this again?
2. What would you do differently?
3. What was the reason you decided to invest long distance and not in your back yard as your first investment?
4. What are the pros and cons in your opinion about investing long distance?
5. What is the one thing that someone should be aware before it gets started?
I really appreciate any and all advice.