Your Team
Amanda,
I personally found it very useful to go over there and see the places and, more importantly, the people. I’ve bought a number of places in the UK that I’ve not seen, sometimes in areas I’ve not been to, but it’s different when it’s a whole new market. I got a lot of confidence that the investment potential was real from actually seeing the houses and areas, meeting a couple of realtors, a broker and a managing agent.
The most important person in your team is the management agent. You need to be confident that you can trust them when you can’t get over there to see what’s going in for yourself. I’ve heard tales of managing agents who ‘forget’ to pay landlords. And you need the management agent’s advice to make sure that you’re buying in a decent area (Buffalo can vary from street to street, even in the same area).
Matt
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