Updated over 14 years ago on . Most recent reply
buying property florida out of state question
Found a property in Eatonville Fl, from a person on here listed for 16k. Needs about 4k worth of rehab from what they say (obviously will check out myself) They also said rents are for 600, and the taxes are 304 for the year. Numbers look good on this one as well as many other Flordia properties, my question is to get more serious about an out of state investment property what research should be done.
I know I should call a PM company and track down a good one who can tell me about the area and one to use as well, I also need a good contractor or maybe can even take a week down there and get on them and make sure its complete while i am down there. As far as neighborhood goes, I can call up the county department as well as drive down at night, but what other factors should I consider about an investment property out of state. ? Who here has good experience regarding them? thanks