All Forum Posts by: Doug Spence

I've never heard of a distance restriction for the VA loan, and I doubt there is one. @Erik Browning have you heard of that?

@Account Closed in Tulsa is your go-to if you decide to invest in Tulsa as well. 

@Chelsey Coleman Sounds like a good plan! I've been using a fantastic property manager and agent there in OKC for a few years now. Happy to connect you with them. I believe they do local meetups as well! That would be a great way for you to connect with other local investors. 

Welcome to bigger pockets! I own property in Oklahoma (OKC and Tulsa) and I think its a great market. 

Have you and you husband determined your investing goals yet? What do you want your lives to look like in 5-10 years?

@JT Thomson You could contact insurance placement companies as well. ALE Solutions is one, and I think they're a national company. 

@V.G Jason

Having a solid team of people that you trust (including contractors) is crucial to invest out of state! I think its very relevant to the question, but I respect the fact that you disagree. 

 @Ben Jacobs Happy to help however I can. I have friends that do multifamily as well, and I could connect you with them. My calendly link is in my profile. 

 What is the value of seeing the home in person if the prospective owner is not proficient at inspecting homes? I've purchased many properties out of state, and I haven't been inside a single one of them before closing. Some of them I've never even seen from the street in person.  Walking through the home is usually an emotional thing, not a logical thing, and when you're buying a property as an investment, emotions should be removed from the equation.

Its all about having people you trust there to look at it: a excellent investor friendly agent and a fantastic home inspector are all I need! 

Why is it that people are unwilling to buy a property they've never been to, but are totally cool with buying stock in a company they know almost nothing about?

@Ben Jacobs Welcome to bigger pockets!

What are your investment goals? Its tough to chart course if you don't know where you're going. 

Are you set on the Hawaii market? If cash flow is your goal, I'd recommend looking outside of Hawaii like @Samuel Lynch said. Many people will tell you investing out of state isn't a good idea, but I've been able to build most of my real estate portfolio out of state, so I can assure you its possible. It just requires a different skillset than investing where you live, and most people just decide its too difficult and quit before they even try. 

You could also consider syndications if you want to be completely passive. It all depends on your goals, how much time you have to dedicate to real estate every day/week, your risk tolerance, etc. I recently wrote a small ebook titled "6 reasons to invest out of state". I'm happy to send it your way.

Good luck and let us know what you decide to do!

@Phil Avery I'm originally from Houston but currently live in San Diego. I've done a lot of out-of-state investing (Florida, Oklahoma, and Wisconsin) and I'm happy to jump on a call and see if theres a way I can provide value to you. My calendly link is on my profile.