Doing out-of-state transactions

[OKRICHLAND]

Hello everyone,
OKRICHLAND here.
I would like to know how the real estate transaction works if you are dealing with an investor / buyer who is out of state.
Is this a fairly simple procedure?
Would anyone care to explain how this works.
I'm a fairly quick learner.
Thanks in advance.
Dave R.

P.S. I remember hearing someone mentioning something about a percentage cap concerning the buyers profit margin when buying an investment property.
What are most investors looking for?
How do I figure my % margins?
I hope that I don't get laughed at for asking such questions. :smiley10:

[Dan Auito]

Hey Dave! I use title companies as intermediaries. 1st american title has offices everywhere so you can usually have them notorize and verify everything on both ends while things get faxed back and forth, they are also knowledgable about the trade so they can explain things as well.

Most investors want atleast a 20% cash on cash return so I would say that is a minimum. I couldn't attach the investment calc so I am e mailing that your way. Stand by brother! :SM141:

[Aldo]

If the transaction involves conventional financing, I don't see where there would be a problem. If you are considering holding paper, I'd pass on an out-of-state buyer. The market is still (albeit temporarily) on fire and a local buyer is sure to step forward.