Out of state smaller properties?

[Daniel Alva]

Hello everyone. How does one get started with out of state investing with smaller properties? Often you hear that you need 40-50 units to cover the cost of property management. What if you don't want that many units? 

How does someone get started with out of state investing with a simple triplex or fourplex?

Appreciate the feedback !

[Steve Kontos]

@Daniel Alva

I have been investing out of state for years now and when I started out, it was small deals with great cash flow.  It is a myth when people say you need to buy large.  Do your due diligence and have a team set up in whatever state you ultimately choose.  Investing out of state is not black and white; there are variables that you have to make sure are accounted for since you will not be nearby.

Best of luck!