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Updated almost 8 years ago,

User Stats

11
Posts
5
Votes
Alison Reeves
  • Specialist
  • Houston, TX
5
Votes |
11
Posts

Tips on finding and buying a deal outside your market?

Alison Reeves
  • Specialist
  • Houston, TX
Posted

For people who successfully invest outside their market:

What is your process when investing outside your market? I'm guessing staying within my state is best, but do you have someone go look at the deal for you? Or do you just pull comps and ask for photos? 

What other questions do I need to know the answer to before I consider investing outside my area? 

...make sure I'm preapproved for financing in a place that services that particular market, connect with a turn-key rehab crew, inspectors, title companies that service the area, etc. What else?

My financial situation is that I have excellent credit, but not much cash; and I have a partner who has plenty of cash for a loan/to show assets, but not enough to pay for a deal with cash. 

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