My first rental property investment and it;s out of state..

[Ida Saidkariev]

Hi everyone, this is my first posting a question on the forum and first time buyer of any kind of Real Estate, so I am just learning . I found a triplex in MLS that is not in my state and sounds like a good deal. New paint, new roof, 100% occupied with with loyal tenants that have been there for 15 years, make gross income of $1000/m. What would be the next smart move if i don't know anyone in that state? Should I just contact the RE agent, find someone to do the inspection? Is it even possible to do the inspection while tenants are there?

[Eddie T.]

Ida Saidkariev in my opinion the house is one of the last pieces to the puzzle.

First pick a market you like okay this may be the city you want to purchase in.

Now second you need to find a property manager who can guide you on which neighborhoods to buy in.

I would not put an offer on this property until you know the neighborhoods better and find a pm first.

Also when someone is going to invest a large amount of money I always tell people spend $1000 and go and fly out and your the city you cannot get to know an area over the internet and you cannot trust other people's opinion it's your money at risk.