1st out of state investment property

[Paul Hoeppner]

I closed on my first out of state SFH, yesterday. All of the bids on the work that needs to be done are coming back around or under my initial estimates.

This makes my 2nd investment property, and a big thanks goes to the BP community.  One of the most important lessons I learned from BP was analysis paralysis.  This community definitely helped me over come that, and jump into what is shaping up to be a good deal.

$8,000 down, and I expect the home to cash flow roughly $150/month after expenses (including property management), and putting money aside each month for future vacancies and repairs.

Thanks to everyone who takes the time to post their insight on this website!

[Marco Santarelli]

@Paul Hoeppner -- congratulations on your first out-of-state property.  The BIGGEST hurdle most investors face, aside from analysis-paralysis, is the psychological block of investing in a market outside of their immediate driving radius.  

Now you need to work on property #3.

Continued success!