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Updated over 10 years ago on . Most recent reply

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Ryan Dossey
  • Real Estate Broker
  • Indianapolis, IN
2,425
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How far do you travel to invest? Relocating. Nervous. Excited.

Ryan Dossey
  • Real Estate Broker
  • Indianapolis, IN
Posted

So I am potentially going to have to relocate out of state come August 2015. I have a business partner here locally who I plan to continue working with. We run a direct mail campaign that we only plan to increase. Relocation would be for my wife's education. She has her under grad work done and is going on to get her PSYD. (Doctorate of Psychology). We would be moving a max of 5 hours away. My plan would be to travel back a few times a month for closings and looking at properties.  Eventually as our Cashflow increases we would start dropping mail where I am located giving us access to two markets. I also am hoping to be able to go full time by July of 2015. So I need some encouragement and some advice.  My first plan is to "hack our housing". As soon as we find out where we will be living I'm going to buy a duplex and rent half of it out. 

Most Popular Reply

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Dev Horn
#3 Marketing Your Property Contributor
  • Flipper/Rehabber
  • Arlington, TX
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Dev Horn
#3 Marketing Your Property Contributor
  • Flipper/Rehabber
  • Arlington, TX
Replied

I am impressed with those who can invest remotely.  I guess I am too much of a control freak (?) or maybe it's just the craziness of this business.  This afternoon, I got an urgent text message from my agent about a property (listed, she has info that the sellers are in a panic).  So, I'm about to head over there and check it out.  Probably submit a (well-below-listed-price) offer on it in the morning....  The only way I could be doing this remotely is with a business partner here, which means splitting profits (or my partner wondering WHY we split profits while she does all the work! ha ha).... 

  • Dev Horn
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