New Investor Seeking Guidance on Out-of-State Properties

[Harish Pasupuleti]

Hi everyone,

I'm Harish and I'm based out of Seattle and I'm new to real estate investing and am particularly interested in exploring turnkey properties preferably multifamily, especially out-of-state opportunities. I’m looking for advice and insights from more experienced investors who have experience with turnkey providers or purchasing remotely. Specifically, I’d appreciate recommendations on how to identify trustworthy turnkey properties, vet providers, and avoid potential pitfalls.

Any tips, resources, or suggestions would be greatly appreciated!

Thank you in advance for your help!

[Mike Paolucci]

Hi Harish. Welcome to BP. 

I started off as an out of state investor back in 2021 while living in San Francisco. First thing I'd recommend is figuring out your target market. Seems like you already have your target investment property type locked in which is great. 

I'd recommend doing some research into what markets you want to target (landlord friendly / growing population / economic drivers and developments) of those markets. 

Happy to connect and answer any questions you might have about out of state investing. Good luck on your journey!