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Updated over 2 years ago on . Most recent reply

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Finding areas to investigate for new Long Distance Investor

Michael Kuznetz
Posted
Hi all and thanks in advance for your feedback.  
What advice would you give a new investor looking to find out of state opportunities? 
How would you go about narrowing down the country if your plan was to find a property and get it rental ready for under 130k, no loans, with the intention of a minimum of 9% COC return?  With no local connections in any possible markets, is it a matter of hopping around the country on Zillow and comparing home prices and rents or are there ways to streamline the process?

Thanks!!

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324
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Joseph Crunkilton
  • Rental Property Investor
  • Oregon City, OR
781
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324
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Joseph Crunkilton
  • Rental Property Investor
  • Oregon City, OR
Replied

Michael, 

I was in a similar situation and it was definitely overwhelming. I did a lot of networking on here and connected with @Zach Lemaster who helps OOS investors get going. He helped me with my first few deals. 

There's a million things you can analyze and it becomes a big headache. He helped me shorten the learning curve and get me going quicker than by myself. 

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