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Updated over 5 years ago,
Why are some investors hesitant to buy out-of-state? It’s 2020!
In this day and age with all the technological advances out-of-state investment has become so much more simplistic and easily manageable. Sure, obviously the right property management team is still absolutely imperative and boots on the ground connect or home town buddy with the connect is a serious bonus but with all the technology at our fingertips like never before it’s truly made buying out-of-state an open vessel for wealth and prosperity for your average property investor. Granted you still need to figure out which markets are performing well or on the verge of but even that has become much easier via all the latest gateways. The technological advances really do make researching the market so much easier. Finding connections so much easier. Finding the right rental property so much easier. Finding the right contractor so much easier. Watching over your investment that much easier. Finding conventional or hard money lending options that much easier. Finding refinancing options that much easier. Doing background checks on people your doing business with that much easier. Cross referencing your facts that much easier. Is there anything I’m forgetting?
Thank you technology