Long distance rental property

[David Goldberg]

I'm looking to buy property outside my market and the realtor I'm dealing with asked that I sign an exclusive Rights to represent a contract is that a good idea to sign or not Since he is doing a lot of the legwork

[John Warren]

@David Goldberg as an investor friendly realtor myself, I can tell you that many out of state investors are just tire kickers. Your realtor probably feels that the exclusive right to represent gives him more protection before investing time into your deals. I personally don't do this, but I can understand wanting to vet some one and get something signed saying you can represent them before looking at a bunch of properties. 

By the way, have you begun looking at property management? I purchased a 20 unit apartment complex in South Bend, Indiana last year, and I now tell every investor looking out of state to start by identifying potential third party management companies. This is by far the most important thing you can do! Buying a property can be relatively easy from a far. Managing from a far can be a nightmare!