Myth #1 – Investing remotely is risky and shouldn’t be done.
Investing remotely in real estate is a scary idea at first. I don’t doubt that for a moment and was in your shoes a year ago .
When I first learned about remote real estate investing, I thought it was crazy. Taking out a loan for a property that you don’t live in? Nope, not going to happen. Owning rental properties hundreds (or in our case, thousands) of miles away? I would have laughed you out of the room.
However, in today’s day and age, we have more access to information and services than ever. You can see a house on Google maps—timestamp and all—in a few moments. You can use services like TaskRabbit to have someone go out and take a picture of a home, clean your garage, or run to the store to get paint. Landlord apps like Property Buddy or RentTracker make it a cinch to keep tabs on things from afar. And turnkey providers help you easily evaluate potential investment properties without seeing them in person first.