Investing out of state

[Tanuj Yadav]

Just curious but I was talking to few of my friends who invest in real estate but they are mostly investing in the city they reside or neighboring states. I have done couple of investments in the city I live in. What is the reason lot of investors don't invest out of state far way? Is it because they don't know the area well or its a headache to manage investments far away? I am looking to invest out of state (excluding neighboring states) so wanted to know what challenges to look forward to.

[Evan Hopple]

@Tanuj Yadav
The key to investing out of state is developing your core 4 (deal finder, property manager, contractor, lender). There's benefit to getting into other RE markets when you can't find the deals that fit into your buying criteria in your home state