Share Your Successful Out of State Rehab Story

[Derek Merdzik]

I am from Canada and looking to buy and rehab a property in Columbus, Ohio.  I have searched the forums and found the trusted team advice everywhere.  I am working on that.  My question here is, has anyone successfully done an out of state rehab?  Could you share your story, especially any lessons learned?  Who was the most critical person in your local team, what did you not foresee?  How did you PM it?

[Greg Dickerson]

Hi Derek,

When I do deals out of state I make sure I have a qualified competent general contractor handle the project for me turnkey.  I do not pay upfront for any work but I will pay as soon as the work is completed and inspected. I get lots of references and proper insurance certificates. I use a local realtor to list the properties and keep an eye on them for me during construction sending pictures videos etc. You can also hire a home inspector or lender construction inspector to do the same thing for you. Your realtor can be very helpful and be your boots on the ground helping you put together all of these pieces.