Looking for comments on buying out of state

[David Barton]

I am looking to purchase my first investment property and looking to purchase out of state. We live in Florida but the real estate prices here are crazy for cost of property abs rental amounts. Looking for any advice on where to invest and any advice on managing a property out of state. I am looking into the tennesse, Oklahoma, Ohio, and Nebraska states and am looking for a single family or duplex. 

My budget is around 100k and will have extra money to rehab and a safety net. Any advice would be great. Thank you. 

[Remington Lyman]

Originally posted by @David Barton:

I am looking to purchase my first investment property and looking to purchase out of state. We live in Florida but the real estate prices here are crazy for cost of property abs rental amounts. Looking for any advice on where to invest and any advice on managing a property out of state. I am looking into the tennesse, Oklahoma, Ohio, and Nebraska states and am looking for a single family or duplex. 

My budget is around 100k and will have extra money to rehab and a safety net. Any advice would be great. Thank you. 

It does not matter where you start as long as you develop your Core 4. The core 4 is David Greene’s strategy for long-distance and made up of a realtor, contractor, property manager, and lender. Once you have this team in place, you should be able to confidently invest in any market.

As for picking a specific market - I would go after one with an increasing job and population growth. I invest and work in Columbus, Ohio. I am also looking to invest in Cincinnati and Cleveland.