Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Innovative Strategies
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago,

User Stats

1,416
Posts
665
Votes
Jason Malabute
  • Accountant
  • Los Angeles, CA
665
Votes |
1,416
Posts

Avoiding fraud on long distance investment

Jason Malabute
  • Accountant
  • Los Angeles, CA
Posted

I am preparing for my first long distance real estate deal. I am trying to do everything David Greene talks about in his book. I am:

1. Recruiting real estate agent who did most deals and best reviews in the market. (She is referring me to agent on her team that works with investors. He also invests himself in market)

2. I am asking agent to refer me to property management and preferred lender they work with

3. I am checking online reviews

4. I am going to ask agent and property management to provide referrals from past clients

5. I am going to hire lawyer to review my contract

6. There are segregation of duties between real estate agent, lawyer, and property management

What else should I do to prevent any chance of fraud or be taken advantage of as a long distance investor?

Loading replies...