Investing out of state

[Robert T Boll]

This is my first post so bare with me. I recently bought a duplex here in San Diego, and I am saving to buy another income property. With prices so high here in San Diego I've been debating on looking out of state. Not really sure of the pros/cons of doing so. Was looking forward to receiving do's and don'ts from others. Thank you!

[Scott Hollister]

@Robert T Boll congrats on the first post! Hope to see you more in here! 

Here are some quick tips!

@David Greene just wrote a book on the subject and I am always in favor for self education! Check it out here

• Determine your investing criteria
• Find an emerging market. (Hint: follow job growth and population growth)
• Visit the area, connect with brokers, lenders, and property managers.
• If you have a pro account, you can connect with other BP members in that area and start to build relationships and get boots on the ground. 

I believe its all about building a team of success. Contractors, property managers, lenders, agents, etc. So if you build a quality team, the higher success you will have investing out of state! 

Best of success!