Out-of-state flipping- how do you go about it and is it even possible?

[Caleb Benedict]

Hello BP! I am interested in fix and flipping properties in the midwest- Cleveland, Saint Louis, Columbus and Indianapolis. I've been researching markets for months, and I have created this pipeline of great wholesalers from these areas. I just came across a deal today which looks absolutely incredible. However, the problem is that I live in NYC. I want to know from those of you who are flipping out of state in the cities I mentioned (or just out of state in general). How did you assemble a team? How do you know who to trust (which is probably my biggest fear)? Is it even worth it, or even possible, to flip properties when you live a thousand miles away? I know that the general wisdom is that you should always flip near you, but if the numbers are really good and you have some wiggle room, would you do it out-of-state?

Any and all help is appreciated and I am also open to any and all advice and partnerships. Thanks again BP!

Caleb

[Michael Smythe]

You'll need to spend a LOT of time in your remote market to find and train a great team - until you can trust them.

It's just how it works, unless you want to learn by getting burned.