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Hi there and thanks for taking a look at this! I'm a pretty frugal person and have some money saved up, so I want to buy a home to rent out, but I'm I'd like to buy a place out of state. How do you make sure that everything is being handled correctly? I can't (and don't want to) fly out to where I want to invest every weekend to "check up on things" for example. I'd use a property management company for the day to day operations of the place and have done research on what questions to ask prospective companies, but I want to be sure I'm not missing anything as I don't want to be screwed over by an unscrupulous company.
Also, what advice would you give to someone looking to invest outside of their local area? If it helps, I'm looking to invest for the long term, not short term.
I appreciate any insight anyone can give, as this is my first time doing this. Thanks again!
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- 2 years ago
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