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Updated almost 7 years ago on . Most recent reply

User Stats

21
Posts
5
Votes
Bao-Chau Tran
  • Mount Vernon, WA
5
Votes |
21
Posts

Buying Out of State for New Investor

Bao-Chau Tran
  • Mount Vernon, WA
Posted

Hello,

I am new at real estate investing and I have been actively learning, as well as looking at real estate properties for sale. I have come across several good bank owned REO, which is being sold through property manager group. I found this advertisement on the BiggerPockets' marketplace. I am a bit hesitant to proceed because these properties is out of state. Because I don't really know much about these out of state market? I am not sure how I should handle out of state properties.

Do you have any advise for me? Should I avoid this? Or proceed with caution? These deals are low enough that I think I should at least look into it. But again, I don't want to invest because of cheap price. Many thanks!

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