Investing remotely
Hello all,
I am as new as they come but have decided to give it my best shot..
I am located in one of the most expensive areas (Long Island, ny) so investing into my first property locally seems like not the best option.
Instead, I set my eyes on N. Myrtle beach area in SC.
I am hoping to start my active pursuit by August.
Please advise - if you buy remotely, do you always make trips to see the place or trust your local agent? It can be costly to make trips..
Also, what do you think about investing into this area- should I stay away from "vacation rentals"?
There seem to be some interesting 4-6 unit multiples for a decent price but given that this is a vacation area how easy it is to keep them occupied?
Thank you all in advance- you guys are awesome!
David