Long Distance Investing....Good or Problematic?

[Rod Smith]

I currently own one property in Georgia and plan to look for others in Ga or SC, mainly because of the price point. I also have an affinity for the area because I grew up down there and plan to return in the future.

The problem is I live in Northern Virginia and do not really have anyone to represent my interest down south. I also feel like I am not able to compete for any hot deals because I can only go down there once a month.

Considering the travel costs for scouting properties and the fact that I most likely have to hire a property manager for my rental property am I approaching this the wrong way?

If not, what is a better way to invest in a market in which you do not live?

Sidebar: I have considered finding a partner in my areas of interest, but I would need to know this person and I have the same style, vision, and work ethic.

Any suggestions?

[Jeremy Dyer]

@Rod Smith I am a local agent in Atlanta and I work with many investors that are out of town and even out of country. I am their eyes and ears here in Atlanta when they cant be here physically. I walk thru properties and take pics and videos or even video chat while walking a property they are interested in. After purchasing the deal I always follow up and even check up on the rehab work being completed.