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All Forum Posts by: Tyrone Lewis

Tyrone Lewis has started 2 posts and replied 12 times.

Post: Out of state Investing

Tyrone LewisPosted
  • New to Real Estate
  • Pasadena, CA
  • Posts 12
  • Votes 0
Originally posted by @Ali Boone:
Hi @Tyrone Lewis! Pasadena is awesome, very cool part of town. I only saw one house I bought prior to buying it and bought the others sight unseen but that was only because I knew the teams working on them and trusted the system. I would never buy random individual houses without checking them out. I don't buy anything that needs work. That's way too much work :)

Thanks for such a quick response. Yeah, Pasadena is great. But affordable investing is a negative, in this city. I HAVE to broaden my horizons. What's your take on houses that have been on the market for over 90 days or more? Risky?

Post: Out of state Investing

Tyrone LewisPosted
  • New to Real Estate
  • Pasadena, CA
  • Posts 12
  • Votes 0
Originally posted by @Ali Boone:
You can definitely invest out-of-state all you want, no restrictions. I live in LA and have only bought out-of-state. I would however be incredibly leery of buying sight unseen auction properties. You have NO idea what condition they will be in, the areas, etc. Plus winning at local auctions is hard enough much less trying auctions far away. I would tend to say that if you go that route, you are taking on the maximum risk possible. That's dangerous territory.

There are plenty of ways to buy out-of-state properties much safer and with a lot more knowledge of what you are actually buying!

Hi Ali. I'm in Pasadena. Do you personally visit each property that you purchase? And if it needs work, do you fix it yourself? Out of state is VERY attractive to me. But I need to make sure I follow in a pro's footsteps. Like you!