Hi guys, I'm a new investor. I manage some stuff out in California, but I'm looking to buy some more property out of state. I'm wondering any tips, or tools people use to help validate local rents? I'm trying to deter...

Hello,How far away from campus is the maximum distance you would want to invest in a student rental property?

I was wondering if anyone had any advice on rehabbing a property from the other side of the country? We have found some properties we would like to purchase and BRRR, however we have not done this out of state before....

I would recommend search markets within a 1-2 hour driving distance that have rentals that meet the 1% rule.

When I sat down and did the numbers I quickly saw 3 things: 1) I would need to build a huge portfolio which would take a lot of years 2) To get the cash flow I wanted I would need to attempt to do as much of the property management as possible a.k.a. job #2  3) I may have to invest out of state which would mean turn-keys or property management from a distance. 

Glad to hear you’re jumping in.I would start with David Greene’s book “Long distance real estate investing” Read that and then come back with questions Best of luck!

-Helena: I don't know a lot about Helena, but it's within driving distance of Spokane and appeared to have reasonably priced homes.

Purchase price: $54,000 Cash invested: $3,0003 bedroom, 1 bathroom, within walking distance to elementary school and middle school.

Go out in distance to find similar properties in similar neighborhoods. 

I’d look into opening a line of credit so you can tap that equity and reinvest without time constraints or taxes due.