Hello, I live in southeastern Wisconsin and currently have a long-term duplex in Wisconsin. I own a home which I’m currently living in and planning on making a long-term rental property as well once I move out. I’m potentially looking to purchase a mid-term or long-term rental property in a different state because I feel I may be able to find better deals elsewhere. I’m interested in looking for a real estate agent with experience in rental properties. I’ve read the Bigger Pockets book on long-distance real estate and am eager to get the ball rolling.
Hello @Jeanette Land - (Great last name by the way to be into Real Estate)... What out of state areas have you considered? If you're at all interested in North Carolina, consider the Triangle (Raleigh / Durham) and Triad (Greensboro / Winston-Salem) areas, which are my focus for both clients and myself.
I have heard through bigger pockets podcasts that NC has merit. I have read the book on long distance investing and still am not too confident to get started. I have considered turnkey properties as an option
Have you attended any REI meetups in your area? It's a good place to start to learn about other areas within the state. As far as your next property, if you are already considering moving you will get better loan options + interest rates if you decide to live in the next property and rent out your current house.