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Updated over 4 years ago,
Buying houses that are not in my backyard? Out of state
A quick background. I live in Amish country Ohio and the real estate game is very competitive. Amish pay into their church every Sunday but in return they can borrow money from the church for things like health insurance or more importantly a house loan. That’s where my problem comes in. Vacant land is going for about $80,000 and acre. A 3 bed 2 bath house on 2 acres built in 1900 thats not updated and needs totally gutted will go for around $500,000 because the Amish can afford because they get the money through the church.
So how do I find and purchase homes (for long term rentals) that I know are in a good market and will make me income in states or other towns that I’m not familiar with?