How can you be an out of state investor?

[Wilhelm J. Lieto]

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!

[Bryan O.]

@Wilhelm J. Lieto this is one of the most frequent topics on the site. Search around and you can read for days on varying opinions. Buying out of state is not simple, but it's not so hard either if you do your diligence. Rather than vet the house so much, you will vet the people that are providing the information to you. Getting an inspector is about the same as if you buy local: ask your agent for a referral, ask other investors in the area, or find one on the all-knowing Interwebs :) 

The biggest thing to keep in mind is that it is a shift in thinking. You aren't buying this house, you are buying these peoples' knowledge. You have to really believe in those people. There are other services to help you trust but verify such as We Go Look. They can drive out, send photos/videos, etc. Best of luck.