Getting into an out of state market

[Kevin Busuttil]

What is the best way to pick a new market and an area within that market? I find it's hard to look at a big city with growth and avoid high crime areas within those cities just by looking at the MLS listings.

[Luke Trovinger]

Hey @Kevin Busuttil! There are lots of markets out there, so you'll want to put some thought into what your preferred investing style will be. Are you looking primarily for cash flow? Low barrier to entry? Best chance at appreciation? Etc.

Once you're able to narrow a few markets down, a huge part of long distance investing is going to be the team that you have in place (Realtor, lender, contractor, property manager). The common theme is that rockstars know rockstars, so interview several agents in the areas you're interested in and get a feel for if you get along and what their experience is. Once you find a Realtor (or really any team member of the above), ask for referrals to the remaining persons. This will help you with getting boots on the ground and get advice for the best locations to purchase within those markets.

Best of luck!