Single Family House Rental Property While I am on Different State
Hi, I am a newbie to real estate as well as to BiggerPockets App.
I am making a research to buy a single family in Virginia, DC, or Maryland to rent. My vision is to have an additional sources of income. I contacted one of the agency.
I am working as IT guy in Birmingham AL. My plan is to buy a house and rent it through property management or work with my friends to manage it. I have a couple of close friends in DC areas.
I never owned any property before.
Any advice to be successful?
THANKS
Most Popular Reply
If you plan to move there anyway next year, I would strongly suggest just waiting until you're there to buy property, especially if it will be your first time buying any property. There is a lot to learn, and you'll want to see it in person and meet the people you'll be working with in person.