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Updated over 7 years ago,

User Stats

19
Posts
2
Votes
Wilhelm J. Lieto
  • Alexandria, VA
2
Votes |
19
Posts

How can you be an out of state investor?

Wilhelm J. Lieto
  • Alexandria, VA
Posted

So I have several questions that I believe others could benefit from as well. The area I live in is extremely high priced, and although I've heard several testimonies from VA realtors and investors here on BP say you can get started and be successful in this market. I am finding it hard, it seems that unless you have lots of money saved up, or you are well established and money lenders will work with you it's next to impossible. At least at a younger age, especially with little assets and money.

I recently had this crazy question, "what if I could live here in VA and invest in a market that is closer to my financial situation." but then other questions come up such as how would I see the property, monitor is up dating, and sell it with out leaving VA. These all come up because I have a full time job and I cant take the time off nor afford to go see a property in let's say California.

Other questions like how would I buy it, what about an inspector, or will a money lender lend me money to acquire this property and do the updates. Need less to say, I've realized that if I could do it, it would be a daunting task. But BiggerPockets being such a great place with an infinite wealth of knowledge, I'm turning to all of you.

Any and all feed back is welcome, as well as any other questions any one may have!

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