How do you manage out of state deals? Chicagoland

How do you manage out of state deals? Chicagoland

Kapolei, HI · Member since 2016 · 33 posts · 10 votes

I am fairly new to the world of investing. I am currently in Hawaii for a short term assignment, however, want to invest long term in Chicagoland for several reasons. I am in the infant stages of putting together my business plan and want to make sure I have a solid plan of action in place on how to manage out of state deals. I am currently interesting in flipping properties and eventually buy and hold to rent out. Since I will be doing this remotely initiially, I'd greatly appreciate feedback on how others have managed these things. I seriously need a reliable boots on the ground partner or services that will aid in making acquisition, rehab, selling, property management of sorts smoother. Are there any comprehensive investment programs or companies that offer umbrella services for investors that others would recommend? I am looking exclusively in the Chicagoland area right now.

0Reply
29 views

2 Replies

Jump to latestLatest
  • Aaron HowellBusiness Member
    Real Estate Agent · Crozet, VA · Member since 2014 · 436 posts · 223 votes
    10y

    Why Chicago ?  Are you from there ?  I've recently had experience working with Holton Wise Property Group in Cleveland/Parma, Ohio.  They are very comprehensive and pretty much babied me through the whole process (initial setup with property management, repairs, and finding a tenant) all within a 3-4 weeks.  

    Story House Real Estate527 Reviews
  • Investor/RE Broker · Eugene, OR · Member since 2014 · 3k+ posts · 968 votes
    10y

    @Jennifer GriffinAs an investor who  has only invested out of state, I have relied on turnkey companies with the whole package (team) in place, including (& especially) really good property management.  It makes for a fairly passive investment.  You do have to pick wisely and really identify the reliable companies in the market you want to invest with, then get to know them. Best to fly out and meet with them once you are ready to take action. 

Join the conversationCreate a free account to reply, vote on answers and follow this thread.