Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 4 years ago,

User Stats

90
Posts
55
Votes
Vlad B.
55
Votes |
90
Posts

Out of State Investor Disadvantage?

Vlad B.
Posted

I'm an out-of-state investor in the Kansas City area. With the market being so hot I am noticing that I'm at a disadvantage. Looking at multi-family properties (2-4 units), I'm noticing issues with properties that I cannot fix from far away: horizontal foundation cracks, water damage from bad or no gutters, bowing walls, windows rotted out, no floors, no kitchens, fire damage, and mold. 

These are issues my current team doesn't have the capability to fix, or time to find vendors with pay because they can make more money just selling properties. I've looked at two wholesalers and some off-market deals but I don't see the wholesale deals cash flowing well for what I want. I've looked into other markets like the Milwaukee area where I could drive and see the places myself but that market is again scorching hot. It doesn't make sense to move away from a good market where I have a solid team (Lender, Realtor, Insurance, PM). 

I'm hoping the community can provide ways to get around this issue as I'm not the only one dealing with this challenge.

Loading replies...