Out of State Investments

[Mackaylee Beach]

The thought of investing in an out of state property can be frightening. There are so many pros and cons to this scenario. Working in real estate for over 8 years, I have pretty much seen it all! The risk associated with “winning" or "loosing" on a deal may be concerning. Not only do you need the right agent with hands on experience with investors, but finding the right location and right property to fit your investment goals is key.

For those of you who have considered, but not moved forward with an out of state investment:

What is holding you back?

What would it take for you to feel comfortable and say yes to such an investment?

[April Thrasher]

Quote from @Mackaylee Beach:

The thought of investing in an out of state property can be frightening. There are so many pros and cons to this scenario. Working in real estate for over 8 years, I have pretty much seen it all! The risk associated with “winning" or "loosing" on a deal may be concerning. Not only do you need the right agent with hands on experience with investors, but finding the right location and right property to fit your investment goals is key.

For those of you who have considered, but not moved forward with an out of state investment:

What is holding you back?

What would it take for you to feel comfortable and say yes to such an investment?

 Well, first time OOS investor here to answer your question as I literally walk through this new process at this exact moment :)

Btw, I'm looking for a investor agent right now (insert winky eye). What I am needing to move forward:

1. A agent who is willing with walking through different investment strategies in the Kansas City are with a newbie and all the annoying questions that will likely come with that. Are you willing to look at and or help write up a analysis of said properties to rule them in or out? 
2. Someone familiar with the Kansas City area, has 1st or 2nd hand experience with references like cleaners, handy men, utility bill estimates ect. 
3. We hope to do maximize our investment property and do a STR/MTR, so experience with these are a plus +

I'm ready to move forward now, just starting to reach out to people who might want to be on our team. I can not speak for others as to what holds them back, but its usually in my opinion the insecurity of making the first step of saying, I don't know what I don't know but I'm damn ready to learn. This, is a statement that I'm really good at saying lol. We are ready, prequalified and actively searching Zillow and realtor daily, so anyone reading this who has what I need, please reach out! 

April