Looking to invest out if my state.

[Cole Druffel]

I'm looking into investing in a market outside of my local state and was looking for advice or things to look out for while doing so. I'm also curious if it's necessary to be able to go visit the property before buying as that won't be an option.

For this I was going to get in contact with a property management company in that area to manage it since I won't be able to be there.

[Stephen Brown]

Hello Cole. Things to look out for are realtors trying to grab a quick commission from you that don't understand your goals. You want to have an agent that will be at your side when you need him or her. Along with this, I'd recommend looking out for anything that isn't necessarily numbers based but will improve your property. For example, someone might tell you a property cash flows or is going to appreciate but you need to look around in that area for what makes your property unique. Why is it a good investment? What amenities are nearby? Is it a safe area? Also look out for other out-of-state investors in that area because if they don't take care of their properties then it's going to hurt the value of your property. It isn't necessary to visit the property beforehand. Find a realtor that will walk it for you and record a video of it along with the neighborhood. I highly recommend working with an agent that has connections to a property management company.