Flipping out of state....

[Carlos Quiros]

Good afternoon-

Do any SoCal investors here have flips that they do out of state or has anyone done any?

How do you manage those if you have?

[Steven Goldman]

Out of state flips are very risky. You must develop a trustworthy team and then visit the properties even if they are a distance away. If you can invest in a location where you have friends or family who can be your eyes and ears on the ground you are more likely to have a positive outcome. It is important that you control your funds and do not let he contractor get out ahead of you or you will be left with a overpriced unfinished rehab to salvage.