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Updated about 9 years ago on . Most recent reply
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I cant buy in my area so Im not sure where to get started. Help!
My area is too expensive to get started in. City and suburbs both. The rural areas don't have much rental or sales action going on. This is my biggest hurdle. I just don't know where to look and thats why I havent gotten started. My area puts me at a disadvantage. For people who buy outside their immediate area, how do you find deals? Where do you look and what do you look for?
Most Popular Reply
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Tim,
People aren't going to like what I'm about to tell you, but the truth is with technology, buying out of state is not nearly as difficult as you think.
My last 12 deals have all come out of state. And i'm closing more every month. Almost all of these are houses I've never even seen.
The trick is finding a team of people you can trust, using layers of protection and advice, and making sure everyone else makes money so they are happy and want to take care of you.
If you think about it, unless you're a super handy guy or insist on managing your own properties, you wouldn't need to go directly to your own property even if it was right down the street. You're going to contract that work out anyway. The house being in another state makes a minimal impact on your job as the owner.
Feel free to message me with any questions you may have. Investing in different areas is not nearly as hard as some make it sound.
- David Greene
- Podcast Guest on Show #12