Out of state rentals

[Joe Lijoi]

Howdy all!  I am new to real estate investing and am hoping to get out of the rat race by create passive income as well as building a legacy for my family. I am struggling finding anything in the Metro Detroit area that cashflows.  My time is limited so I am looking for turnkey properties.  My question is in regards to out of state investing in a market with more potential.  I am struggling with how the logistics work with not being in the same area as the property.  Also, if anyone has any suggestions on real estate agents that specialize in investments, or anything else that might help, I would appreciate it.  My 9-5 is with a title/escrow company, so I do have some advantages when it comes to that side of the transaction.  Looking forward to starting the journey! 

[Zach Lemaster]

@Andrew Freed

Thank you for the mention!

@Joe Lijoi

I'm happy to answer any questions you have.  We've helped many investors invest strategically out of state where the numbers make sense in MI & many other states.  It's easy to invest out of state when you have the right teams & systems in place!  Management is key, and making sure you go through the normal due diligence you would regardless if you are buying local, or far away!

https://www.biggerpockets.com/users/ZacharyCole/references

https://www.biggerpockets.com/forums/92/topics/518583-feedback-on-renttoretirement-and-zach-lemaster

https://www.biggerpockets.com/forums/92/topics/765347-rent-to-retirement-review

https://www.biggerpockets.com/forums/850/topics/895660-my-first-investment-property-an-out-of-state-deal

https://www.biggerpockets.com/co/RentToRetirement