Christian OsgoodCEO, Multifamily Strategy · CEO at Multifamily Strategy

How To Invest In Out Of State Rentals

12 May 2024 · 1 min

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In this segment, the presenter emphasizes that successful out‑of‑state rental investing hinges on having a highly trusted local “boots on the ground” contact. The partner should be someone the investor trusts implicitly—so much that they would attend the investor’s funeral—and should be affiliated with real‑estate‑related work such as a contractor, handyman, property manager, or realtor. The speaker also warns that every town contains neighborhoods or complexes where police presence is limited, underscoring the need for a reliable local ally to navigate such risky areas.

Chapters

If you're going to invest in another state, you need to have that boots on the ground. It needs to be somebody who you trust so much that you think they are going to come to your funeral. That's the level of trust you need to have with this person. They, they can be, and also some way affiliated with the business— contractor, handyman, property manager, realtor, something tied to real estate that you know. Because think of this, in every town, no matter where you live, there is a street an area, an apartment complex, or a side of, side of town, sometimes the whole side of the town, where the cops can't go alone.