February 2, 2016

Thinking of investing out of state?

Posted in buying, real estate investing, Santa Cruz Real Estate at 7:40 am by Gina Odom, Realtor

Being that our prices are so high in the Bay Area, I have many folks asking me about buying an investment property out of state. Because of our large, trusted network of agents throughout the world I can help you find a great Realtor should you decided to jum ship and invest elsewhere.  Here is a great article I just read at Inman.com that I wanted to share.

This is not an exhaustive list of considerations for buying out-of-state investment properties. However, if those three points look solid, odds are you will produce positive cash flow in that area.

How to locate a good out-of-state investment property

If you have a good idea of your best city to invest in, how do you know which under market value property to buy? Most investors go one of two routes:

  • Find a great real estate agent or investor who knows how to scout for good under market value properties. Hopefully, he or she will network with top-notch property inspectors, rehabbers, title companies and a real estate attorneys.
  • Find a reliable turnkey property company. These under market value properties have been 100 percent rehabbed and often have tenants already in place.

Which route do you choose? It depends. Many out-of-state property investors want zero headaches or stress. So they purchase turnkey properties.

Other investors want to save money, so they find their own under market value properties and coordinate their own rehabs and property management.

To read more, go to: http://www.inman.com/2016/01/29/buy-state-investment-property/

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