Buying and Flipping Out of State

[Ha Dang]

Hi, I'm new to the site, but have been listening to a bunch of podcasts which are full of invaluable information. My goal is to eventually become a full time real estate investor by buying, rehabbing & flipping and also acquiring rental property to build monthly cashflow. Since I am just starting out, I'm curious to know what is needed to flip out of state such as Houston, TX. I think for me, I have a slight advantage since my cousins are both realtors in the area. Would it be advisable to rehab and flip homes in the $50K range without being physically present during the projects?

I'm thinking of doing this because my $100K capital may be insufficient here in the Bay Area, CA, but will not rule it out. Just looking at other options without having to obtain loans.

Thank you.

[Darrell Shepherd]

I personally would never run a rehab I couldn't visit at least once a week.  Gives me shivers just thinking about contractors doing that much work without me there to check them.

Eli, I'd be interested in hearing the pitch on that money.