Out of state real estate investing

[Chris Atkins]

Just wondering how people manage out of state investments or do you prefer in your state. Also looking for info on how you manage apartments and if you feel they are good investments and info on how to figure out if it's a good deal or not

[Min Zhang]

Hey Chris, I’d recommend to start in your own state if you can. It makes things a little easier, especially when you're just getting started. But I have clients who find the numbers don’t work for them locally so they explore other areas that make more sense for them. If you decide to go out of state, I’d recommend starting with turnkey properties and having a property manager handle everything. It takes a lot of the stress off your plate.

Also, you need to figure out your criteria before you jump into anything. This will help you know if a deal is worth it or not. For instance, does the cash flow align with your goals? And definitely avoid investing in sketchy neighborhoods. It’s always good to get input from a local agent who knows the area well. Best of luck and I'm happy to connect if you have any questions!