Hey guys,
I plan on moving to Florida within the next 1-2 years. But I would like to start investing down there right away to get a feel for the market before I move there. I've been doing a lot of research on home prices the last few days, but I'm still a little on hazey on how to get started investing out of state.
I know it has alot to do with the power team, but what exactly does each power team member need to do for me? For example: is my Realtor the one to send photos/videos or do I hire a local bird dogger for that? And do I have to pay them extra for doing that kind of work?
Also, what's a good way to build a buyers list out of state? The only techniques I can think of are:
- Online ghost ads
- Calling online ads
- Newspaper ads
- Finding contact info on recently sold data
Are there any other techniques?
Makeba said she learned alot about this at the EDGE'11 but we haven't got the chance to get into the details yet, and I'm getting ancy!
For anyone who is currently doing this, any advice is appreciated! I'll try to share any info I learn along the way below.
Thanks!
Dominic
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When you invest out of state you will get your power team to do pretty much everything for you. For example you will want to look at the properties you get accepted or under contract, at least in the beginning. You can get your Realtor or inspector to go through the home and video tape the property and post it on Youtube so can get an idea for the repairs.
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