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Updated over 1 year ago on . Most recent reply

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21
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6
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Saad Hameed
  • Rental Property Investor
  • San Francisco, CA
6
Votes |
21
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Investment property in a distant state

Saad Hameed
  • Rental Property Investor
  • San Francisco, CA
Posted

I live in San Francisco Bay Area, California. I want to start investing in real estate but the  market is prohibitively expensive and I cannot afford a house here for investment. I’m considering investing in Tennessee. However, that’s pretty far and poses some challenges (travel primarily).

My intention is to buy the property and hite it  a property manager to manage it. 

I seek advice and ideas including pros and cons on this approach. 

Most Popular Reply

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1,584
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1,685
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Michael Dumler
  • Real Estate Agent
  • Atlanta, GA
1,685
Votes |
1,584
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Michael Dumler
  • Real Estate Agent
  • Atlanta, GA
Replied

@Saad Hameed, read "Long-Distance Real Estate Investing" by David Greene. That book alone will answer 90% of your questions and/or concerns. 

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