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Updated almost 6 years ago,
Avoiding fraud on long distance investment
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?