How to sell turnkey rentals to out of state buyers?

[Ronald Starusnak]

Hey guys, I am an investor, property manager, and most importantly a contract in Upstate NY. I have an excellent group of friends up here and often come across some great deals. The local buyer market up here is tough, most of our investors are looking for suburbs and single family but the Syracuse market is saturated with dilapidated multi family homes. With an excellent contractor and property manager these can be fantastic investments. We are talking about 6 unit homes selling under $40k with $60k in repairs needed with rents ranging from $700-$1,000. I am just not sure how to attract out of state investors in any fashion. Whether they just want to hire us for the contracting side, or if they want to buy turn key properties from us at full price, or even at some sort of discount in a partnership. I'm open to suggestions. Our company is a real construction company, it's not just one guy. We have 4 crews running full time and I think right now is a perfect time for us to get back into investing ourselves as I stepped out in 2018 to focus on remodeling.

[James Wise]

Originally posted by @Ronald Starusnak:

Hey guys, I am an investor, property manager, and most importantly a contract in Upstate NY. I have an excellent group of friends up here and often come across some great deals. The local buyer market up here is tough, most of our investors are looking for suburbs and single family but the Syracuse market is saturated with dilapidated multi family homes.

With an excellent contractor and property manager these can be fantastic investments. We are talking about 6 unit homes selling under $40k with $60k in repairs needed with rents ranging from $700-$1,000.

I am just not sure how to attract out of state investors in any fashion. Whether they just want to hire us for the contracting side, or if they want to buy turn key properties from us at full price, or even at some sort of discount in a partnership. I'm open to suggestions.

Our company is a real construction company, it's not just one guy. We have 4 crews running full time and I think right now is a perfect time for us to get back into investing ourselves as I stepped out in 2018 to focus on remodeling.

I've sold $100M+ of what you're talking about. The Bigger Pockets Marketplace has been a great place to get exposure.

The keys to getting investors here on Bigger Pockets is consistency, demonstration of value & having good deals.