Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago,

User Stats

140
Posts
133
Votes
Skylar Dejesus
  • Johnson City, TN
133
Votes |
140
Posts

Out of town deals.

Skylar Dejesus
  • Johnson City, TN
Posted

BP members how do go about handling an out of town deal. I've seen a lot of investors on here state that they live in California or other states and have properties in various other states. Do you always physically view the properties or have inspectors do the inspections and send you the results? Do you fly in for closing? Thinking about transferring jobs to Tampa, FL and have an owner financed deal set up and wandering the best way to go about the deal.  Details: , 130K, Duplex, South Tampa (very nice area), both units 2/1, Down payment 20K, with a vacancy/maintance fund of 5k, gross income $1600, 703.51 insurance, 1066.36 2014 taxes, Loan amortized over 30 yrs, 18 month balloon, Net income per month:673.53 Annual income: 8082.37, both meters are separate tenants pay electricity and water. I will be moving into one of the units to owner occupy.

Loading replies...