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Updated over 2 years ago, 03/12/2022
For out of state investors, did you buy without visiting the area
hello,
correct me if i am wrong but if your market is too costly investing out of state makes sense if cheaper.
goals: cash flow
1. research a market and take a trip there?
2. find a investor agent someone who owns rentals and is a agent & speak with a PM company
3. get pre approved
4. narrow down your list for what you are looking for.
5. run the numbers and place a offer in
6. once offer accepted, run a inspection and appraisal
7. visit the area?
wanna make sure i am not missing something, im in NJ and would make sense to look in PA but it is not growing & prop taxes are kind of high too. i never been to NC but everything i have research shows it has a lot of growth to come.
for those who are out of state investors, have you visited your area before placing the offer or after?