Pros & Cons To Investing OOS

[Zackarias Aitchison]

Hey! 

For those investors that have successfully, or unsuccessfully, invested OOS, I want to hear your stories. 

What were the main benefits that attracted you to OOS investing? 

What did you find were the largest challenges to OOS investing? 

I imagine it's hard to do fix and flips OOS, which would limit you to only buy & hold properties, but I don't know! Let me know! 

Do you still invest or look for properties OOS? 

If so, why? 

If not, why?

Cheers! Excited to read your responses! 

[Joe Hammel]

@Zackarias Aitchison

Attraction:

you can find exactly what you’re looking for. Your own home market might be $500k-$1m home which might not be great investments OR just might be at an unobtainable price point

Opening up to the nation you can find markers that match your price/roi/location goals

Challenges:

definitely finding people you can trust and are reliable, and learning the market

Flipping/buy and hold:

You’re right. Definitely going to be easier to hit a nice single or a double on a buy and hold deal vs nailing a home run on a flip. Just much more room for error on the flip. Best advice would be to do a couple buy and hold, if you do great with them and want to flip you now probably have much better insight. Heck, you might have done well enough on the buy and holds that you could sell/flip if you really wanted to.

Almost all of our clients who purchased in metro detroit the last couple years could technically “flip” their buy and hold properties and make $10k-$50k just because they have improved them and the market has skyrocketed.

We assist a ton of clients invest oos here in metro detroit because during these crazy times we still have great cash flowing rentals with a great price/roi/location. I personally buy these same properties and love them.