Long Distance Real Estate

[Luke Elliott]

What is the #1 piece of advice you'd give to a newbie investor trying to buy his first property outside his city/state?

- Locations? (I've been researching several locations that look promising) 

- General Advice?

-Miscellaneous? 

Reason for Long Distance, I just got out of the Military and now living in NYC while I attend college. I sold my car (parking is way too expensive) so no way to drive to any locations, also the market is very expensive in NYC

[Nathan Murith]

@Luke Elliott welcome to biggerpockets and congratulations on doing the work!

Happy to help and share any experience, tools, tips, tricks, resources you may find helpful. That is pretty much all we do, invest long distance. 

Number one thing I would say is pick one and only one market and stick with it for a long while (months and years). Once you have that market spend whatever time is necessary to build your team there (property manager, agent, lender, contractors, insurance, etc). Preferrably this market also has some boot on the ground that you know well and do not pay for their services, like friends, family coworkers, people you could count on to help if need be.

Once you have a solid team that you trust and boots on the ground, you're good to get started!

Again, happy to hop on a call or exchange more if you are interested. Please do not hesitate to reach out, connect, and DM me.

keep up the work!