Financing out of state
Im stuck. Infomation overload. I found a great investment in new orleans but I live in new jersey. Where do i even start this process??
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Hi @Shelia Stokes! All of my properties are out of state and I couldn't agree more with @Zachary Cummings in that finding a good management company is KEY. They will be your best resource for determining if a deal is actually a good one or not. Reason being is that their incentives are (mostly) aligned with yours. What I mean by that is if the property is in a rougher area, most PMs don't want to give themselves the headache of having to manage it, so most likely will advise you against that property. I'd definitely start by calling a few PMs in the area and interviewing them. Best of luck and hope this is helpful!