Does anyone have experience buying rental properties in another state? I live in PA but have seen some other locations that I believe have better cashflow and margins while including a property manager to handle the rentals.
I live in Colorado (DENVER) and own in Phoenix, Vegas,Portland, Gulf Shores Alabama and a few other places. If you have the proper property manager set up why not?
I agree, I’m in Cali and have purchased two properties in OH and we’re in escrow on another. Buying right allowed us cashflow from the start. Great property management is a must!!
… You hear a lot that it is not a good idea to go out of your area, but imagine if Sam Walton decided it was too risky to do business outside of Arkansas…