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Updated almost 5 years ago, 02/10/2020

User Stats

11
Posts
3
Votes
Carter Wong
  • New to Real Estate
  • Vancouver, BC
3
Votes |
11
Posts

LONG DISTANCE INVESTING - how to do it right?

Carter Wong
  • New to Real Estate
  • Vancouver, BC
Posted

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!

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