Where can I see the prices of real estate in other states
i want to invest in a home out of state and have other people rent it out and pay back my loan is that possibe and is there profit of loss involved
Answer:Wrong section cuz.
to find property, just do a search for investment property
beware: it is very hard to manage property long distance. you, as the landlord will be responsible for all repairs. you could hire a management company for renting, collecting and fixing, but then all your profit will go to them instead of you.
Why do you want ot do it out of state?
http://realtor.com/default.asp?poe=realt... (realtor.com)
is a great site. you can do map searches, zip code searches.. very nice, easy... dont need membership to look at the listings.
Sure you can buy rental property in another state but why?
There may be a very good reason such as the high price of real estate where you live precludes you from buying investment property so you must look elsewhere.
But you might want to reconsider being a long-distance landlord. There are fewer complications if you're property is near where you live and you should know that market better.
If you still want to buy property in another state, set some specific criteria and start searching on the internet (eBay real estate might even have some bargains) but before you pull the trigger due some due diligence to verify the numbers.
It would probably be best to consult a real estate professional in the city you choose to invest in. Good luck.