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Updated over 5 years ago on . Most recent reply

User Stats

133
Posts
69
Votes
Vince Lucas
  • Flipper/Rehabber
  • Cleveland, OH
69
Votes |
133
Posts

Should OOS investors work with a local expert (not an agent?)

Vince Lucas
  • Flipper/Rehabber
  • Cleveland, OH
Posted

I am just wondering if out of state investors/oos investors would find it helpful to work with a local expert that was not trying to "sell" them a property but instead someone who is advising them and letting them know what they are actually buying. I have heard many stories of oos investors buying a property and then figuring out that they purchased a property in a bad area or the area was not as good as they were told. Also, since many oos investors pay cash there is no appraisal done before they buy and they might over pay for it without knowing until they try to sell it. This expert would have a back ground as an agent, appraiser, investor as well as construction. I am located in Cleveland, OH and see the need but curious how others see it. 

  • Vince Lucas
  • Most Popular Reply

    User Stats

    214
    Posts
    269
    Votes
    Robert Matelski
    • Rental Property Investor
    • Austin, TX
    269
    Votes |
    214
    Posts
    Robert Matelski
    • Rental Property Investor
    • Austin, TX
    Replied
    Originally posted by @John Koster:

    @Vince Lucas. There is definitely a need.  I know several investors in Los Angeles who might be interested in those services.

    This is exactly why I started my website and YouTube channel... to share my Cleveland investment knowledge with others, and give a comprehensive unbiased perspective. When info comes from a broker/PM/lender/anyone-else-who-stands-to-profit-from-OOS-investors-whether-they-win-or-lose, the info is bound to be biased, and I wanted to change that.

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