Renovating property from out of state

[Johnnie Schneider]

Hey there, was wondering if anyone has any experience or input on purchasing a property out of state, and then getting a contractor to do minor renovations (5-10k) to the property before renting it out. From your experience how hard is that to manage from out of state? What suggestions do you guys have on going about this type of situation? The deal makes sense numbers wise but my partner and I are skeptical about attempting to run a minor renovation through a contractor while out of state. Thanks in advance!

[Dan Travieso]

Suggest you do some research (Biggerpockets is a great resource) to identify virtual meetups in your target market or some other mechanism to network with investors in the area. They would be an invaluable resource in recommending contractors, brokers, banks, etc. in your target market.