A Sound Beginning Strategy?
After reading a few books, listening through a couple of audio CD seminars, and doing a fair amount of research into several markets around the country, I have formed the following basic strategy as my entry into property investing:
I am forming an LLC partnership with one other person. We both live in California, but the prices here seem completely out of reach at our level.
So our intention is to start out of state with multi-unit rental properties. We intend to buy in one of several cities we are researching where property values are quite low, but rentals generate positive cash flow, and modest appreciation is predicted (by Forbes and CNN Money).
I am curious to know if there are others who are investing out of their home states, and employing this, or a similar strategy. I am certainly aware that owning out of state will bring with it some increased expenses and headaches, like property management and travel.
Any tips or shared experiences will be much appreciated.
Thanks!
-CF
Most investors will be fine with a phone number, name and address. Additional info would get you greater compensation though
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Do you get a bird dog fee if what you found is already listed with an agent or in an ad?
Depends on the investor, I am sure a lot of investors would not pay a fee if it was listed. BUt, if you started bringing leads that were straight from the paper, that would not give yuo much benefit to any investors
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