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Updated over 7 years ago on . Most recent reply
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Out of State Investing Advice
Hey everyone, my business partner and I are looking to get into out of state real estate. We are currently looking at Reno, Seattle, Nashville, and Boston. We both live in California where deals are harder to come by. We would be doing the deals through a turn key company. I'm looking for any advice on turn key companies, investing out of state, other cities to look into, or how you analysis a deal out of state. Any of that would be extremely helpful
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David MIller Uncorrelated people is good strategy. Got this from People that do well this way. You decide your criteria first and then you call a bunch of uncorrelated realtors, property managers for the best streets, schools, and so on, bur without telling then what you want. That way you will start hearing: " I like this and that street" and so on.
You will gather an unbiased view because the people you called didn't speak with each other first.
Second thing is: After you decide on a property, pay the realtor to go there and take pictures and so some iphone videos for you, so you can see the house and the surroundings.
Third thing: Pay a property inspector to do run through so you can close on the thing or not.
Good luck.