Out of state investing

[Mark Rauch]

If one were to invest out of state, what would be the proper way to oversee improvements and management. In other words what should your infrastructure look like and how can you protect against property managers, contractors, handymen and tenants from taking advantage of the fact that you are not local? Have heard horror stories but it seems that the deals to look at currently are not in Los Angeles where I live. Thanks, Mark

[Richard Dunlop]

@Jay Hinrichs is involved it a site called Turn Key Reviews

There are many horror stories about people not having the ability to exit TK purchases even after several years.

My opinion only is that TK companies seem to thrive in the markets that have a big disparity of prices.

Every time I appeal property taxes on houses I bought for $2000 the assessor has comps showing $40,000 within 1 or 2 blocks.

If your Turn Key provider is selling you a house for $45,000 will you have an ability to exit when I have bought 5 or 6 of the houses on your block for under $5000 each?