Buying properties out of state
Hi All,
I have a question to all you investors out there. I am looking into properties in Michigan to invest in and I need some guidance on how one purchases when out of state. I usually buy in places where I have friend or family who go see it in person but they are not necessarily the places with the best CoC.
So my question is, do you fly down to see a property before you purchase it or can the whole transaction happen without your presence? If yes, how comfortable are you with that?
My wife insists that I must fly down there and see it in person before I put my money into it. Let me know your thoughts.
Thanks in advance!
Most Popular Reply
Imthiaz Ahmed I bought 11 rentals in the Midwest when I lived in seattle. I bought sight unseen but went a couple years later.
It just does not make sense to spend half the years cashflow on a trip. You need to spend your time and energy connecting with other investors who are doing the same.