Can I buy a property in a different state? Alli Parkinson
As long as it's a state where we lend, yes, you can! There are some things you'll want to keep in mind when investing from out of state.
It can be difficult to manage contractors from out of state, so having someone you have an existing relationship on the ground can definitely be helpful to ensure the project is moving along as planned.
You're also going to want to know what you plan is for the property long term. If you're wanting to hold the property long term, you may want to consider using a property manager who is local to the area.
Another option that may work for you is wholesaling. Wholesaling can be a great way to invest in a different area without having to worry about any of the management concerns.
Check out our YouTube videos: Can I Get an Out of State Loan?, How to Flip Houses Out of State, Tips For Investing Long-Distance (Out-of-State Real Estate Properties), How Can Foreigners Buy Property In The USA?
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