Buying investment property out of state

Buying investment property out of state

Chicago, IL · Member since 2017 · 17 posts · 3 votes
Hi, I'm in Chicago. I have very little equity, roughly 3k. My goal is to buy a single family home in Arizona and rent it out. Does anyone have any advice, a sort of “do’s and don’ts” of buying property out of state? Is Arizona even a good state to buy investment property?
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  • Guy with Great Hair · Austin, TX · Member since 2013 · 2k+ posts · 4k+ votes
    8y

    in my opinion

    the difference between OOS success and failure is your team. My portfolio would fall apart without a GREAT group of guys that help me run the operation.

    Build a great team of people you can rely on and have aligned goals and your investing will be set on easy mode.

  • Lender · Austin, TX (NMLS #1674054) · Member since 2016 · 108 posts · 50 votes
    8y

    @Alexander Felice - Is right! It's all about building the right team. I invest out of town and feel confident doing so, because I have the right team of professionals behind me. I know my team has my best interests at heart and that helps us move forward with confidence. 

    What interests you in Arizona? Have you considered investing in Texas? 

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