Out of state investing

[Marco Padilla]

Hello, 

We currently have a few rentals here in the Philadelphia PA area and are now branching out to the Fayetteville NC and Tabor city NC. The first one in Fayetteville is about 20 minutes from Fort Braggs, the purchase price is $135k the property has been rehabbed fairly recently sits on half an acre has a pool, gazebo, nice outdoor living space, separate 2 car garage. And after speaking to a few property management companies in the area with and comparing to other rentals in the area with similar amenities the rent on the low end would be $1,250 and we've seen others going up to $1,500. We were also thinking of making the 2 car garage living space and putting it on the market for AirBnb. Just wanted to know if anyone had any more thoughts on this one? Thanks

The second one is a duplex in Tabor city NC, purchase price of $55k it's about half an hour from the beaches in SC but there seems to be no movement in the township it's in. This one would need some updates, and after calling a few property management none of which cover this area we are still on the fence with this one. Any input would be greatly appreciated. Thanks