Quote from @Samuel Diouf:
I personally think out-of-state investing is a top choice. You can invest in any market selecting the ones that you believe are seeing the most growth, and do it from anywhere. Once you get your systems down, you have a real estate business model that you can take to any market and be still be successful. I work with plenty of out-of-state investors who are seeing great success here in Ohio.
Read this article on the "core 4". It explains the team that you should develop to have a strong foundation under you while investing remotely.
https://www.biggerpockets.com/blog/core-four-real-estate-team
Hi Samuel,
Thank you for responding! And yes, I was gathering the same consensus as well for targeting strong markets to invest in. The biggest feat I am metabolizing so far is creating the right team, so I will certainly read this article soon!
In regard to studying markets/area, do you have an approach to take to gauge whether if a county/state is worth investing in for fix/flips? I am aware of some platforms that can help with a deeper analysis such as Propstream. Do you have a platform to use or strategy to adopt for analysis?
Also, your out-of-state clients are finding most success in fix/flip or fix/hold investing? Maybe Ohio would be an area of interest for me?
Rafael
