Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

31
Posts
21
Votes
Gemma Collins
  • Real Estate Agent
  • Savannah, GA
21
Votes |
31
Posts

Out of state investing

Gemma Collins
  • Real Estate Agent
  • Savannah, GA
Posted

Hi!

Just getting started and would love to know more about the “how” of out of state investing.

Does anyone have a good stories they’d be willing to share here?

Thanks!

Most Popular Reply

User Stats

793
Posts
620
Votes
Aaron W.
  • Rental Property Investor
  • Northern Virginia
620
Votes |
793
Posts
Aaron W.
  • Rental Property Investor
  • Northern Virginia
Replied

@Gemma Collins Welcome to the community! 

We only invest out-of-state because the local area is not conducive to the type of investing we want. it has been a great experience, but has been full of learning opportunities. In fact, one of first times purchasing out-of-state, we ended up purchasing 2 quads and 2 side-by-side duplexes (12 units) in two different states. 

Building a great team is essential if you are considering going out-of-state.  It is important local as well, but your reliance on the team is much higher since you are not physically at the location. My most important team member is the property manager. Make sure you make the effort to find one you are comfortable working with and can completely trust. The PM can make or break the profitability of your investment based upon the way they manage.

Good luck! 

Loading replies...