Two main things to consider when buying property interstate

As far as I’m concerned, there are two main things to consider when becoming a borderless property investor, and they’ll be the make or break of your investment.

1. Have a long-term strategy

Any investment you make should be part of a long-term strategy rather than an isolated event.

That’s because property investment is a process, not a one-off event, so any investment, no matter where its location, needs to strategically fit in with your long-term goals.

2. Get a buyer’s agent to represent you

A local buyer’s agent with great perspective and experience in the area which you’re planning to buy is invaluable and as far as I’m concerned, vital for a successful investment.

Trying to invest interstate either without a buyer’s agent or with one who doesn’t really understand the nuances of the local markets could be a recipe for disaster.

Steer clear of buyer’s agents that fly in and fly out. They just don’t have the on-the-ground perspective that’s needed to make a smart decision.

RealRenta has all the tools that a property manager has, but at over ¼ the cost of a property manager.

Join now and the cost is less than a cup of coffee a week to manage your rental property

RealRenta also has a free vision, so why not check it out

Jason Gwerder
Friday, 15 October 2021

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