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Updated over 8 years ago on . Most recent reply

User Stats

20
Posts
2
Votes
Allison T.
  • Investor
  • Cupertino, CA
2
Votes |
20
Posts

Investing out of state (Atlantic City) next step

Allison T.
  • Investor
  • Cupertino, CA
Posted

Dear BP community,

I've identified a few potential properties I'd like to invest in Atlantic City.

I've done my research and run the numbers, the only thing that's making me nervous is the fact that this will be my first investment property (newbie) and I am out of state, so I would like to get your opinion on what my next step should be.

I know I need an eye on the ground to help me verify the facts presented by the listing agent, is this typically done by a buyer's agent or I should just hire an inspector without going through the agent? Frankly speaking, a few agents I contacted through Redfin/Trulia have not been very helpful either (slow in response, not much insight provided vs my own research). How would you recommend that I proceed? Any recommendation on the property management company, inspector, contractor (in case minor fixes are needed) in Atlantic city would also be appreciated. Please let me know if I am missing any role that might be needed for an out of state investor.

Thank you so much!

Allison

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