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Updated over 7 years ago, 05/08/2017

User Stats

79
Posts
57
Votes
Jeremy Woods
  • Rental Property Investor
  • Windsor, CO
57
Votes |
79
Posts

Pros and Cons of Buying Multi Units in another state?

Jeremy Woods
  • Rental Property Investor
  • Windsor, CO
Posted
I currently own a few single family homes and a condo in Colorado, the market here isn't as ROI friendly as it use to be and so I have branched out to other states looking for my first multi unit. I came across one in a "B" 8 plex in a "C-" area of Kansas. Outside of having to hire a property manager what are some things I should be aware of when buying in another state. The numbers are great even with property management so I want to take the leap but I feel like there are items (cons) I'm not thinking through. Any feedback would be appreciated.

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