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Updated over 6 years ago on . Most recent reply

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Charlie Gomez
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Hi : looking to buy out of state

Charlie Gomez
Posted
Hi I’m new to this site but people here are friendly. Looking for recommendations for books on buying out of state or anything you have learned doing it yourself. Thanks! Charlie

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Caleb Heimsoth
  • Rental Property Investor
  • Durham, NC
7,859
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Caleb Heimsoth
  • Rental Property Investor
  • Durham, NC
Replied

Charlie Gomez I’ve read most of David Greene’s book (after I already was investing out of state). I think it’s good to get the basics from that book, but be leery of doing major rehabs long distance, that’s a good way to get ripped off.

Start with the super basics. Buy a single family rental 20 percent down, 30 year fixed. Do that 2-3 times. Then if you want multifamily go do that. Then repeat. Then do commercial.

By time you get to your 5th or 6th deal you’ll know way more then you’ll ever learn just reading a book.

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