My first property -buying out of state

[JD Mims]

Hi all! My name is James and I am super excited to be here! I have been listening to the podcast, webinars and saving for this first purchase for about a year now.

I am hoping to get some feedback on my first purchase as I am new and have a lot of silly questions.

I live in California and my first purchase is going to be in Ohio with a turnkey property. I've done some research on the turnkey here on bigger pockets and read great reviews.

My only question is ..how do you really know if you are actually buying a real product? How can I trust but verify that the property actually exist? It's for sale? The loan I am getting is real and from a legitimate company?

Are there data bases that I can check that contain license numbers and or verify legitimacy of this large investment I am looking to make?

Kind of like as a nurse or a doctor you have a license number which can be looked up and verified.. is there anything like that I can use?

I started thinking about this because all of the products I've chosen are references from the turnkey company. The home, the loan, and the mortgage company- are all part of/ references from the turnkey product.. Not that I'm opposed to it at all, just wondering how I can truly and safely verify. Are there any red flags I should look for also?

Thank you in advance for your kind support and help.

[Joseph Schweizer]

@JD Mims

Well now that you mention the provider is Rent to Retirement, I made my first investment with them this past October and plan to make another one later this year. I wrote a post about my experience and would be happy to share more if you have specific questions. I have only done one purchase with them, so I would also recommend reaching out to someone who has done multiple investments with them as well.

https://www.biggerpockets.com/forums/850/topics/895660-my-first-investment-property-an-out-of-state-deal