How to Buy Your First Out-of-State Real Estate Investment (Step-by-Step)

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Feb 7, 2025

Kathy Fettke, a long-distance real estate expert, shares insight into out-of-state investing, tapping into the shift from expensive coastal markets to more affordable regions. She breaks down essential steps for new investors, including how to pick profitable markets and analyze deals from afar. Kathy discusses the crucial factors to consider, like property taxes and insurance, along with the importance of establishing a reliable property management team. She reveals her top rental property choice for first-time buyers, making out-of-state investing accessible for everyone.

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ANECDOTE

Kathy’s Dallas Experience

Kathy Fettke flew to Dallas following Robert Kiyosaki’s investment advice.
An agent showed her overpriced properties, emphasizing the need for market research.

ADVICE

Research Local Market

Understand the local market like a traveler understands exchange rates.
Research median home prices online or by visiting the market to avoid overpaying.

ADVICE

Visit and Meet Local Professionals

Narrow down your market search to 2-3 options and visit them.
Schedule meetings with real estate agents and property managers in advance.

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