There will always be situations where an investor has the motivation to invest in real estate but for any variety of reasons the local market just doesn’t provide that many opportunities. Perhaps the town has a relatively small population or maybe the investor thinks the market is overheated and wants to sit the local “boom” out. Or maybe the local real estate market is too rich for the novice investor and coming up with a 20 percent down payment on a home is unworkable. So what does the investor do? The investor can look beyond local borders for opportunities.
Investors learn how important knowing the area is, the economy, trends and demographics. Many investors like to invest in a particular area and regularly visit the neighborhood to drive by the properties they own. But what if you live in California and see an opportunity in say, Ohio? The numbers look good and you’re able to pay cash or finance an acquisition, but how can that work? What are the benefits? What is there to look out for? Open full mini-guide…
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