First out-of-state deal

[Gene Mattos]

Hello friends,

I am an investor with a few properties in CA, but now I'm looking at out-of-state properties.
So I'm looking at this fourplex - I haven't actually seen it in person, but here are the numbers, which look good to me:

Purchase price: $50,000

Rent: $1820/month
Expenses including management, taxes, insurance, water/gas: $660/month
Vacancy/CapEx: $364/month
P&I: $190/month

This looks pretty good to me, but I wanted to do a sanity check with the folks here.

[Andrew Syrios]

It's hard to say not knowing the area, but I would make sure to vet the area (and I'd really recommend visiting too) before buying. I agree that the numbers look good, but a lot of properties can look great on paper, but that's it. I wrote an article on buying out of state a while back I think can help in this regard: https://www.biggerpockets.com/renewsblog/2014/12/23/investing-out-of-state-essential-items-to-vet/