We use to do a full day workshop about
investing out of state or your own backyard and had it professioanlly recorded and edited.
I still think one can be successful
investing out of state though.
If you have any helpful advise on
investing out of state or have an outline on the process of getting my first rental property (i.e. get preapproved - > find home - > send inspector - > make offer?
The solution is I started
investing out of state.
Actively
investing out of state can work, but passive investing through syndication deals is ideal for out of state investors looking for better value in top markets.
I had a hard time when I started
investing out of state.
For now you should focus on
investing out of state.
With my very limited knowledge, I am beginning to think that investing in Colorado will be quite difficult, if not, impossible.This leaves us contemplating
investing out of state; possibly in Oklahoma or Texas (or somewhere else).
Looks like you are comfortable
investing out of state and looking at bigger deals.
I do think
investing out of state is more challenging for an investor since I have no idea which markets to research.
I was just suggesting to J that we should put together a presentation for next summit for investing in state for appreciation to counterbalance all of
the investing out of state for cash flow presentations...
If you're thinking of
investing out of state, I recommend reading the Multi-Family Millions by David Lindahl.
Before
investing Out of State I looked in our Local Market, after a year of looking and numbers not makings sense I decided to look elsewhere.
The other speaker was Dani Beit - Or and he gave a lot of information about
investing out of state - he was very informative.
I used to be completely adverse to
investing out of state because I wanted to be able to drive to my rentals and be able to «check in on them» with my own eyes... until I started listening to the podcasts of people on bp here and how they did it as well as why (cheaper to buy and better cash flow).
Some consider
investing out of state where the prices are much lower, but for first - time investors that's usually a scary idea, as it definitely increases the risk and adds a bunch of hurdles to the already complex situation.
@Steve Kontos I am also very interested in
investing out of state.
@Kirk Shaffer Does your group have a meeting location, I'm local to you and would like to meet with folks
investing out of state.
Like you, I am living in CA (Los Angeles), but I focus on
investing out of state for the 3x cash flow and reasonable cost of real estate.
I'm interested in
investing out of state, but plenty of people have said to look locally, just further away.
Tons of folks are
investing out of state.
Feel free to tag me with any follow up questions you have about the topic of
investing out of state & / or turnkey.
Many of my out of state partners tell me they almost stopped
investing out of state because they had a bad experience with their first attempt.
I live in Los Angeles and do all
my investing out of state.
Ted, I seriously laughed out loud at «
investing out of state» would begin with «investing in the south side» because I feel the same way.
Many NYC investors understand that investing in this city is hard and look for
investing out of state.
Very intrigued with the concept of
investing out of state since the numbers in my area, which is the north side of Chicago, generally are much more deflated than the ROI I'm seeing from many people on BP.
I would suggest not
investing out of state as a brand new investor but if you do perhaps finding a partner in the community you want to invest in or at least have contacts that you have established in or near the community.
I invest heavily in Wisconsin and have good success in
investing out of state.
Great info in
investing out of state.
I'm also in the Bay Area and I have been
investing out of state.
He is a full time cop in SF had to
invest out of state and work a full time job so can't just up and travel to see a property.
Do you prefer to be driving distance to your home, or are you willing to
invest out of state?
I'm here in SoCal as well (San Fernando Valley) and
I invest out of state for similar reasons.
I am definitely going to
invest out of state now that I've learned how tough it is in CA.
I invest out of state and do not invest there quite yet because the price point is a little bit higher but I like some of the MFH inventory there.
I decided to
invest out of state as well.
Hello, Small investor from Boston Ma area... Looking to
invest out of state in large multi family.
Part of the reason
I invest out of state is that it pseudo-forces me to leave a lot in the hands of the property manager.
Turnkeys are a great way to
invest out of state!
And, if not, how feasible is it to
invest out of state as a newbie?
Im not sure if its not reasonable to pump out 1k net in cash flow in a multi family in Paterson or union or best bet to
invest out of state.
I'm standoffish about managing my own properties specifically because I'm at a distance,
I invest out of state.
Do not be afraid to
invest out of state but know that there are * different types * of risks incurred.
I wrote a report on how to
invest out of state.
I'm not sure why anyone from Bakersfield would want to
invest out of state though...
thanks, I'm research in Indiana as much as I can and I agree it is hard to
invest out of state, but still trying my best to.
As a result I made the decision to
invest out of state almost ten years ago when I first started and truth be told I have not looked back.
I've written a couple of reports on how to choose a market and how to
invest out of state that I can share with you if you'd like.
I currently live in Hawaii and have
invest out of state before.