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Updated almost 8 years ago,
Logistics of investing from Afar
I have a logistical question for those who are brave enough to invest out of your state. Assuming you have your team in place, real estate agent, contractors, management company; how do you handle the rehab? when you buy the property do you have the real estate agent hand the keys to the PM and the PM lets the contractors in the door? who gives the final approval for the rehab? and if you physically fly out to the location, at what point do you fly out - to look at homes? final inspection of rehab work?
As someone from California I have been trying to play this idea out in my head and get down to the logistic details on how this would play out.