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Updated almost 9 years ago,
Out of state investing from California
Hey BP!
Had a generalized question about investing out of state. I currently live in California and seeking to invest in profitable and cheap areas out of state due to California having high priced properties. What is the typical process for a me who has a primary residence which I'm currently paying my mortgage monthly and live in and wanting to purchase my second as an investment property. More specifically I'm looking for a 4-Plex multi-family property to increase cash flow. I'm thinking I need to attach to a real estate agent at that particular area as well as a property manager to oversee issues that may arise since I'm obviously not physically accessible. Any insight will help. Thanks guys!