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Martha Maxim
  • Rosamond, CA
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buying property out of state

Martha Maxim
  • Rosamond, CA
Posted

I live in California and earn good enough money at my "job" that I do not presently want to move to a friendly landlord state, where I can buy rentals. Is it reasonable to buy out of the state you are in and have the property managed? Does anyone have suggestions on how to do this while reducing the risk involved?

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Mike McKinzie
  • Investor
  • Westminster, CO
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Mike McKinzie
  • Investor
  • Westminster, CO
Replied

Here is another thread on the subject:

http://www.biggerpockets.com/forums/12/topics/1655-out-of-state-investing

It can be done, but you should get excellent mentor help. I own lots of out of state property and have never even visited the state.

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