Under contract: My first out of state buy-hold!

[Jeremy Clarke]

I am excited to be under contract with my first out of state but-hold property. I would be lying if I said my excitement isn't coming with some nerves. The property is a duplex in Kansas City, MO. I'm planning on using property management and will need an inspector quickly. Feel free to send any advice or positive vibes my way! Cheers to many more to come!

[Jeremy Clarke]

Hey @Jonathan Jewell, I appreciate it! Through a lot of research and being passed around I found a RE agent in KC that i feel like i can trust. He has a search set up for me to receive notifications as soon as new listings pop up so i can move quickly on deals.

In regards to going out of state...buy-hold is basically a thing of the past where i live. I live in Fort Collins, CO where the median SFH right now is $390k and MFH are nearly impossible to find. Without putting up very steep down payments, my returns would be net-negative and i'd only afford to have the money for a down payment maybe every few years.

With this approach, it allows me to get a great monthly dividend with less money that i would have otherwise spent. I am not counting on appreciation, the properties i own here are SFM and have appreciated well. This helps diversity for RE portfolio, which i feel is important.