Buying investment property outside of the state

[Jeff Plair]

What steps do you take when considering buying investment properties outside of the state that you normally invest in?

[Shawn Holsapple]

@Jeff Plair yes, the right market is very important but I think the team on the ground that you assemble is even more important.

A bad team in a great market will still produce less than satisfactory results vs. a great team in a average market will produce very favorable results.

I would suggest narrowing the market choices down to a small few [I assume Indianapolis is on your radar?  If not, is should be!] and then talk to LOTS of people in each market to see who may fit as a team member.

A great property manager is harder to find than a good contractor!

Good luck.