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BiggerPockets Real Estate · June 14, 2023 · 49m

Long-Distance Investing: How to Buy Rentals in Another State

Dave Meyer

Meyer explains how to invest in markets thousands of miles from where you live using a team of local agents, property managers, and contractors — proving you don't need to invest where you live.

Canon

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Out-of-state investing proves that the investment environment matters more than proximity
Investors who buy in the best markets regardless of where they live outperform those who invest locally in inferior markets. The quality of the environment trumps the convenience of proximity.
ClaudeChatGPTGemini
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Building a remote team requires trust, and trust requires relationships
Successful long-distance investing depends on the quality of your relationships with local team members. The agent, property manager, and contractor you've never met must be trustworthy.
ClaudeChatGPTGemini