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Updated over 2 years ago on . Most recent reply

Finding areas to investigate for new Long Distance Investor
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!!
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!!
Most Popular Reply

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.