When purchasing an investment property, is there anything I need to be there in person to deal with?
My partner and I are planning on buying an investment property in Amarillo, TX within the next couple of months. We have enough saved to buy a property outright. We live in NYC but my mother lives in Amarillo and has agreed to manage the property.
We're planning on going there to choose the property but since closing takes a little time, I was wondering how much of the process of buying a property can be done remotely?
Has anyone done this and did you run into any complications?
What should I be thinking about when buying out of state?
Thank you.
Jonathan I Lopez