Expanding portfolio out of state

[Marco Campos]

Can anyone share first time experiences in acquiring properties out of your regional area. I currently own a complex in Los Angeles but that area is saturated and properties rarely cash flow for me to seek to expand here. However, through research of other markets, I've noticed the higher cap rates in other cities that align with my goal to increase my passive income w/possible appreciation.  For now, I am looking to be a passive investor. Have others had good experiences with having a realtor buy and manage properties for an out of state investor?

[Account Closed]

Higher cap rate equals higher risk.  Are you sure you want your higher risk investments thousands of miles away?