Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 5 years ago, 02/10/2020
LONG DISTANCE INVESTING - how to do it right?
Hello! I'm an out-of-state long-distance investor from Canada. I'm completely NEW to this industry. My local market is overpriced. I've chosen to invest in Texas because Census say it's the fastest growing state (https://www.census.gov/quickfacts/) and a lot of companies are moving there.
My question is, if you were me, would you:
1) fly to Texas, get to know the city, then visit again to inspect rehab work? (most involved)
2) not visit, trust the local eyes, realtors, contractors, PMs?
3) find local investors to partner with? (least involved)
I definitely suffer from analysis paralysis. I'm so scared to potentially lose my life savings. Any input would be greatly appreciated. Thank you so much!