To invest out of state successfully, focus on building a strong local team (agent, PM, contractors), automating deal analysis, and using contingencies to protect yourself.

There are some programs through local government systems where you may be able to receive a tax abatement or grant here in Michigan in an effort to help beautify a neighborhood.

Return:Finishing the basement and adding bedrooms can add significant value, especially if your local market places a premium on additional living space.

Pricelabs Market Dashboards – Great for analyzing local comps and pricing trends. 3.

As U.S. citizens residing in Europe, we are required by the local tax code to hold the property in our personal name.

Wrapping 3 properties into one blanket loan shouldn't be a problem, save these are sitting on any sizeable acreage.You might get lucky and find a unicorn local bank or credit union that would consider that kind of leverage, but I would say overall, those terms are very unrealistic.Cheers!

I am about ready to just manage myself from out of state and have a couple of local handymen help me out when things come up.

I'm a local youth pastor in MN and I'm looking into getting started in real estate so that I can provide extra income for my growing family.

Listen to as many podcasts as you can and attend all of your local meetups to connect with other investors.

Since I'm not a pigeon forge local, I also don't have a good feel for the appropriate cost of goods and services either.While I don't necessarily suspect anything nefarious from the management company, I don't now that our financial incentives are always well-aligned.