Out-of-State investing help

[William Montgomery]

Hello,

I am in the Seattle are looking into Invest In out of state rental properties. I have been researching Peoria IL, due to its price range (150k and below). I was wondering if anyone has any connections in this area? I would perfer to buy before the end of the year.I own my own home, looking to use the equity from that to start my investment journey. I am looking for suggestions for the following:

- out-of-state Investor friendly Real estate agent.

- Property Management Company.

-Lenders.

- Contractors.

- Neighborhoods/ things to watch out for.

- landlord regulations.

I appreciate any help. Have a great day! Thanks for the help.

[G. Brian Davis]

Hi William, just wanted to throw another idea out there that you may not have considered. 

I spent 10 years living overseas, and for the first few years I still owned some rental properties in the States. It was way more work than I wanted, even with a property manager. I ended up unloading all 15 properties. 

I wanted to keep investing in real estate however so I started exploring passive investments. I ended up forming a community with a bunch of other passive investors, and today our co-investing club meets 1-2X a month on Zoom to vet a new passive real estate investment together. We can each go in with $5K if we like a particular investment. 

It's been a much easier way for me to invest long-distance. Just another perspective/option to consider.