Remote investing advice -generally or Springfield MA

[An Duong]

Hey guys,

I am thinking of investing in a multifamily property 2 hours a way from me.  I am in Boston and I am looking at Springfield MA.  I am considering having a real estate agent video tape/vid chat house showing, have an inspector inspect the house (without me), I would go there for the closing of course, but maybe deal with minor upgrades like flooring or cabinet upgrades as remotely as possible and finding a property manager to take care of it.  Has anybody ever done that or have any advice, particularly on finding good property management?

Thanks!

An

[Antoine Martel]

An.

I invest out of state all the time and do it from thousands of miles away. It definitely can be done and there is no reason for you to ever visit these properties. Of course if you have the right team in place. 

The PM is the biggest factor of this of course and you'll have to make sure to vet these people as well as you can. Ask for referrals and check them. Meet them in person, see their office, etc.