New Investor preparing for Retirement

[Stephanie Chapman]

Hello, I house hack and own a buy n hold in Harford County, Maryland. I preparing to retire in 2028, and want to buy 2 multi units, 3-4 units. I want to BRRRR the properties. Struggling to find in Baltimore, considering to go out of state. I don't know where to start to expand. Any out of state investors please let me know where to start….

There is such good information on here. I am confident, I can make it happen….

[Kathy Fettke]

Hi Brandi, I thought I'd chime in here since I was mentioned by name by others in this thread.Congratulations on taking bold action towards acquiring your first investment property out of state!

First, I want to applaud the efforts you have gone to conduct good due diligence on the company we referred you to, the area, and the property itself. This will serve you well in your investing journey. We encourage RealWealth investors to be curious, methodical, and to remain in the driver's seat of their acquisition process just like you are demonstrating.

We are proud to refer our members to CR of Maryland. We put them through a lengthy vetting process in 2019 and they have since sold and manage over 150 fully rehabbed properties for RealWealth investors. We continue to monitor the experiences and feedback of these investors and overall, our investors are pleased and earning good returns.
I can confidently say that their renovation quality is some of the best I've seen in the turnkey space. They tear the homes they acquire to the studs and rebuild them to like-new condition. On average, they are spending $70-90k on renovations on each home. Ordering an appraisal will allow you and your lender to know that you are not paying above market value for the property. If your appraisal for some reason comes in low, take it immediately to CR of Maryland. They will either dispute the appraisal or have to lower their price. Your RealWealth investment counselor can coach you more on how to go about this.

Investing in transitioning neighborhoods is not for everyone and it can come with some challenges. Partnering with a knowledgeable broker and property manager is critical to your long term success in these areas. CR of Maryland has demonstrated to us time and time again that they are committed to the long term success of our investors, even through the inevitable challenges.

While anyone can post on a public forum, not anyone can be a RealWealth property team. I stand behind the great lengths we go to to vet the markets and property team we work with. We currently work with 18 different companies who all earn our continued endorsement.

In general, the RealWealth vetting process includes these steps:
- Background checks 
- Testimonials from current investors
- Lengthy questionnaires are completed by the property team and then interrogated by experienced investors
- Onsite visits by experienced RealWealth staff to see neighborhoods, rehab quality, meet the PM  etc.

Once they have passed all these phases, we launch them to our most experienced investors first. Only after we have received good feedback from numerous investors, do we launch them to the entire network.

These proven processes have served us well for the 20 years we have been in business. I do know a thing or two about out of state investing! People like you and me, living in high cost markets, don't have the luxury of investing where we live. We rely on local, expert teams like CR of Maryland and all of the other RealWealth property teams. We are committed to helping as many out of state investors navigate this process as we can!