Section 8 and Out of State Investing

[Mario Rodriguez]

Hi,

I saw some gurus offer classes to invest in out of state section 8 rentals. Also, I read Greene’s and Turner’s book to invest out of state. Though it sounds straightforward to hire a PM and get the property rented, for some reason it gives me cold feet. Is this doable and great or have you experienced a headache?

Best,

Mario

[Samuel Diouf]

Yes this strategy works great especially if the numbers don't work locally. There are a lot of investors doing this successfully in Ohio! 

You just need to pick your market and develop your core 4 team. The core 4 consists of a realtor, contractor, property manager, and a lender. Once you have this team in place, you should have the foundation to invest in any market confidently while not being there physically.