Out of state investing - success stories?

Out of state investing - success stories?

Newington, CT · Member since 2016 · 106 posts · 20 votes
I found a duplex property in Dayton OH. it currently rents for 1k and seller wants 35k for it. Looking for some advice from people that invest out of state. I'm from CT so what type of due diligence can one perform out of state to make sure it's a good buy? What should I look out for? Any advice/words of wisdom would be greatly appreciated!
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  • Paul AmegatcherPro Member
    Rental Property Investor · Brookville, OH · Member since 2016 · 488 posts · 363 votes
    9y

    Verify who pays for the utilities whether owner or tenant.  I would get a whole house inspection completed as well.  Talk to some locals (Realtors, contractors and or wholesalers(me)) about the location. Let me know if you need anything from my end.  I'm familiar with most of the city and blocks. Good luck.

    Paul Amegatcher 

  • Darrin CareyPro Member
    Lender · Dayton, OH · Member since 2008 · 1k+ posts · 705 votes
    9y

    @Pat McCandless

    1. Property Management.

    2. Property Condition

    3. Property Management

    4. Quality and duration of tenants

    5. Property Management

    6. Location & neighborhood

    7. Property Management

    Google streetview is reasonably recent in most areas. Use it to peruse the neighborhood.

    Give me a shout, and I'll give you some local perspectives.

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