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Updated over 6 years ago on . Most recent reply
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Yonah WeissPoster
Tax & Financial Services
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- Cost Segregation Expert and Investor
- Lakewood, NJ
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Chicken or Egg? Property or broker, what comes first?
When looking to invest out of state, what do you do first? Do you start analyzing properties, or do search for a solid trustworthy broker in the markets you are looking into?
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@Yonah Weiss I earnestly believe you have to do both. You need to get to know the areas like the back of your hand and at the same time be looking to build the team you need in that specific market. First and foremost you should choose the area and then the sub area that you want to invest and also know what you want your portfolio to consist of. A properties in great areas and school districts or D properties in low income areas with some upside potential if the area gentrifies.