Newbie Seeking Out-of-area Investment Counsel
Hello, I've bought and rented out several properties--but always near my residence where I know the flow of the town and the neighborhoods. Hence, I'm an absolute newbie when it comes to the task of travelling to places like Phoenix and Dallas to buy investment properties. I'd like to ask out-of-town investors if they could share their woulda-coulda list of things to do, especially in:
1. Scouting an area - How many days or even visits to the new city did you spend before making sense of the neighborhoods and market values?
2. Selecting an agent - Did you go with one or several agents in the new town? Was there one qualifying (or disqualifying) trait that you would recommend for an investor-friendly realtor ?
3. Locating up and coming zip codes - other than trusting the words of the agent, was there any other method you used to identify zips that are about to boom?
Thanks for all the good investment advice that is on this site - Laxrei409
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