Out of state investing

[Luis Barberi]

I have a question about out of state investing.  What do you look at regarding investing out of your market driving distance wise?  Obviously the numbers on the deal have to make sense and get a good PM but regarding the areas with city do you check for average crime rates, schools, growing population, etc?  and if so where are you getting these stats?  

Also anything else I should be looking for?

[Todd Dexheimer]

I invest out of state and look for good employment numbers and job growth. Also look at what the area/city is doing to attract jobs and what kind of jobs. Why in a downturn can the city remain stable? Also look for crime rates in specific neighborhoods and demographics. Costar is a great demographic search provider and a commercial RE broker will likely be able to get a Costar report for you. Check out a blog I wrote on my linkedin page for more specific info