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Updated over 7 years ago on . Most recent reply

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11
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1
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Robert Leon
  • Las Vegas, NV
1
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11
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How to buy a buy and hold property in a different state ?

Robert Leon
  • Las Vegas, NV
Posted

Sometimes I’ll look at properties from different states and find good deals and would like to purchase properties in a different state but I live nowhere near those states so I’m wondering how do I go in purchasing those properties even tho I can’t physically go there . How do I get it inspected and negotiate a better offer even tho I’m not there  ? And if I’m getting a private lender how do I go in doing that if I’m in a different state?

Most Popular Reply

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757
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Jeremy Taggart
  • Real Estate Agent
  • Pittsburgh, PA
570
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757
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Jeremy Taggart
  • Real Estate Agent
  • Pittsburgh, PA
Replied

@Robert Leon You really need to vet the team you have helping you out in that area such as agent, management company, inspectors, contractors, etc. I would interview them and try to get some referrals for good trustworthy ones. Most of the time it's your team that plays a bigger factor in your success in the market more so than the deal itself. 

As far as a lender goes you should be able to get a private lender from anywhere as long as they are comfortable with the area and deal. It may help to find someone in that specific area since they would be familiar with the market and know if the deal is good or not. If they know the market and are willing to put their own money at risk, then that is probably a good sign that the deal is good. 

  • Jeremy Taggart
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