any tips for buying rentals outside of your area?

5 Replies

I'm considering spreading outside of the area's I know in search of some better deals.

Any things I should be looking at other than the obvious?

Do a search on BP for out of state turnkey properties and you will find several posts/recommendations/advice on the topic.

@Thomas Parrott make sure you understand the market you are getting into. Ensure you setup a team in the city in which you plan on buying the properties.

I live in Denver metro area and invest both here and in Phoenix area. It really helped having friends/family who live in the area who can recommend Agents, Maintenance people and even property managers. I originally hired a PM to manage two of my properties. This company said maintenance was being completed and charged/paid for however the work was not. I visit that area a few times a year and the property was vacant and all the items that were to be completed were not. Nonetheless, I moved on and am happier. Read blogs on BP on how to interview PM companies; and interview at least 5 or 6 - you may get a good gut feel for what they can and will do for you.

Remember it's your investment and if you want someone else to take care of it then you should actively manage them to ensure you are getting the service your tenants deserve.

Good luck,


Thank you for the responses, checking out now

Yes, don't do it.

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

Lock We hate spam just as much as you

Create Lasting Wealth Through Real Estate

Join the millions of people achieving financial freedom through the power of real estate investing

Start here