looking to buy out- of- state

[Clifton Frazier]

Hey everyone Im looking at purchasing out-of-state properties due to the fact that I live in Sunny SO CAL and home prices can be pretty high even on foreclosures. Just wanted to get some feedback from folks who have had successes buying rentals out- of- state and what their experiences have been, good, bad or both! Ive been researching and trying to do my due diligence but hearing other peoples points of views and experiences will help tremendously. 

Im looking at places in Birmingham Alabama and perhaps Memphis area as potential places to buy. I would need to find a reliable team such as realtor, contractors etc so if anyone knows of anybody that they would recommend in those areas I would greatly appreciate it. Im also not opposed to looking into some turnkey properties to expand the portfolio. Thanks everyone!

[Larry Fried]

Hi @Clifton Frazier I have been investing out of state since 2012, started with a terrific turnkey company, but when I went to diversify to other markets, things got a lot more challenging.  It's all about the team you pick or build.  Be sure you vet the team you work with thoroughly and that should include a visit to the market and to meet them - IMHO.