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Updated over 8 years ago, 09/20/2016
Buying rental properties when not located in the local area?
Hi all,
First time poster - been listening to the podcast which has been great. Many people who I hear on the podcast or read articles on are very familiar with the areas they're buying rentals in as they more than likely live in the area.
Unfortunately for me, I live abroad at the moment - though originally from Seattle. I'm wondering options there are for investors like me? My strategy would be buy, remodel, rent and hold rather than flip them - looking at the cash flow instead of depending on appreciation.
It would be difficult to manage a purchase of a property from a broad and tenancy agreement, but even more difficult to manage a remodel! Thoughts?
Thanks!