As an out-of-state investor you might be unfamiliar with another state's real estate market. Don't let this get in the way of investment opportunities. By hiring a referral agent, you gain essential insights into different neighborhoods and market trends when referred to a local expert real estate agent.
In 2022, I personally purchased my first out-of-state rental property. I found a local investor friendly real estate agent through my network and she helped me select the best property based on my ROI goals. She suggested the inspection company, roofer, electricians, plumbers, and handyman to get everything done-nearly turnkey! Within 3 months we closed on the property, made repairs, and had it leased. Having a local expert with a vetted network is in-valuable.
Local Network: A referral agent and/or the agent that's referred, typically have an extensive network of professionals in the real estate industry, such as property managers, contractors, and attorneys. These vetted connections can be highly beneficial when managing an investment project from afar.
Risk Mitigation and Peace of Mind: Investing in out-of-state properties carries some inherent risks. As a referral agent, I can refer you to an investor friendly agent that is able to advise, identify, and mitigate potential risks, ensuring that the investment aligns with your goals and risk tolerance.
Let me help you navigate the complexities of investing in a new market by referring you to an agent that aligns with your investment objectives.