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Updated almost 12 years ago,
Rehabbing an out of state property
Hello all,
I'm still fairly new to these boards as far as posting is concerned but have been browsing through them for sometime now. I'm debating a few different investing strategies that I would like to pursue and one of them is buying a property that needs some TLC but is located about 2 hours away from where I live. How do you all feel about rehabbing a property that you can't visit daily? I'm not talking a total gut reno but a little bit more than just paint and landscaping. Does anyone have any experience/advice for this strategy? Also, this is not for a flip. This would be for a buy and hold investment. Look forward to your responses.