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Updated almost 3 years ago on . Most recent reply

User Stats

18
Posts
1
Votes
Mario Gonzalez
  • new jersey
1
Votes |
18
Posts

For out of state investors, did you buy without visiting the area

Mario Gonzalez
  • new jersey
Posted

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?

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