Investing out of state: equity or cash flow and piece of mind

[Dan Cox]

Hi All,

I’m currently looking to acquire properties out of state in a market I’ll be establishing a business in within the next few years. I’m trying to establish a cash flow base in the area to support the business start up. I’m working with a great local commercial vendor and have multiple strategies in considering. My question is should I utilize the lending and get turn key recently renovated properties that would immediately cash flow without need of repairs, or should I try and purchase properties that require minor repairs that would also have no problem renting but give me more equity upon closing? With the current climate of the market I’m questioning what would be best. Any insight would be appreciated.

Regards,

Dan