REIs how do you assess a potential investment from afar?

REIs how do you assess a potential investment from afar?

Member since 2019 · 2 posts · 0 votes

For the investors out there who buy properties outside of their local area or in another state, what do you use to access the property without being there. Call a local realtor or a freind? Do you fly all over the place?

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  • Ned CareyPro Member
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    Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes
    6y

    @Dominique Miller I am sure you will get many answers. The truth is it depends. Using a a realtor for example depends on both how good that realtor is and how much you can trust them. That will vary from person to person and situation to situation.

    Personally I don't. If you invest from afar you increase both your risk and your cost.  My belief is that there are good areas to invest a 90 min drive from most places in the country.

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