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Updated almost 5 years ago,
Advice on Remote Investments - Any seasoned Investors?
Hi Remote Investors!
I have been a long time reader of BP and have spent an enormous amount of time reading books and analyzing prospective deals out of state but unable to get clarity on the obtaining the tangible advice on obtaining the right resources to move forward. I understand that "staying local" is often preached around here but this is not a viable option as I am situated in CA and would not make sense given the high barrier to entry and negative cash flow aspect of it.
If you were flying solo, meaning no friends or family in the remote state, how did you get started if you have confirmed that the selected area is worth your time and money? The common answer I have seen is to network in the community but that still leaves a lot of question like how to source General Contractors, Management Companies and Agents you can trust for a long stretch of time.
I am seeking advice from those who have successfully overcome this hurdle with possible actionable items for me to move forward on this journey!
Thanks!