Nation-Wide Real Estate Investing

[Pasha Ama]

I am interested in the psychology behind the strategy of investing in Real Estate nation-wide. Is it practical to plan for building a nation-wide network in order to capitalize on a hot market wherever that market exists in the USA? Are there any investors out there who are investing nation-wide?

[Michael Japuncic]

@Pasha Ama By far the most important part of your team is going to be your PROPERTY MANAGER, they will make or break your REI experience. They will be there to give you advice on properties and neighbourhoods, to oversee renovations and repairs (making sure they're done promptly and properly), doing inspections, screening tenants, collecting checks and evicting if necessary. It's worth paying more to have the best looking after your property and making sure its taken care of. Then you'll need deal flow from realtors and wholesalers, a lawyer or title company for closing, accountant and insurance agent and you should be good to go.... Yes, I am from Vancouver, Canada but started my investing in Memphis. I've now branched out and am doing deals in Edmonton and did one in Washington state. It's important to start with the end in mind, what do you want the property to do for you? What do you really value most: cash flow, appreciation, stability? What strategy do you want to use? Some cities are much better suited for long term buy and hold as opposed to flipping or development deals. There are just so many different variables to take into consideration when picking a market that there's no right answer, you just have to find what will work best for what you want to achieve.