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Updated about 4 years ago,

User Stats

206
Posts
144
Votes
Susan Tan
  • Rental Property Investor
  • Houston, TX
144
Votes |
206
Posts

How to be OK w/ buying rentals sight unseen from out of state?

Susan Tan
  • Rental Property Investor
  • Houston, TX
Posted

As I described in  https://www.biggerpockets.com/..., I've purchased this 4plex sight unseen after watching the video tours made by my realtor/property manager, then reading the inspection & appraisal. I trust my property manager/realtor a whole lot after having done 2 past deals with her, including a past rehab deal. I send the MLS deals that look interesting to my Cincinnati-based realtor/property manager from 2,000 miles away while I live in CA. I still haven't seen this property in-person even 1 month later after the 4plex has closed because I'm cautious about getting on a 9-10 hr plane flight during these pandemic times. I'm following the instructions from David Greene's book on out of state investing and it's working out very well for me. I live in SF Bay Area in CA while investing in the Midwest.

If you've done deals out-of-state that are sight unseen for many times in the past, what are some factors that help make you more comfortable in doing these deals? This info could be of help to new out-of-state investors living in the high-cost coastal cities. 

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