Who To Connect With First For Out of Market Investing?

[Jack Medford]

I live about 1.5 away from my primary investment market, so I tend to treat it as if I'm investing out of state (out of market or whatever you want to call it.) 

When I was getting started, I had very little clue what I was doing. I started by looking for deals and then trying to put the other pieces together as I went. It worked ok, but definitely could have been more efficient. Since then, I've found Property Managers to be the best source of information and education about the market. 

That said, I'm interested to hear who others think is the first person you should reach out to when getting started in an unknown market. Or whether or not it should be more of a shotgun approach and talk to everyone up front?

David Greene lists the core four as:

• The Deal Finder
• The Property Manager
• The Contractor
• The Lender

Who would you consider the most important person to reach out to first? Or would you reach out to someone else entirely?

[Scott Mac]

Hi Jack,

Probably the Property Manager, because a good property manager will know the good areas and the dangerous areas, and may be able to recommend contractors who will work well with investors.

Just my thoughts,

Good Luck!