Posted by Ronald * Starr(in No CA) on January 31, 2002 at 20:54:30:
Sure, it can be done. It is not easy if you do it the “right way.” Which means, to me, that you learn about real estate investing before you buy. Now, you previous experience should come in very handy and give you a boost up. Here are some posts for begginers: Paul on the Carleton Sheets board2 of CREONLINE.COM: put “expert” into the search function. JohnBoy here on the main bulletin board at message number 70929. Mine here on the main board is at number 59703, for 2001. You may get it by putting “beginners success” into the search function.
You can buy at a distance, but it is harder. You might want to go there and spend a week or two figuring out the kind of property that you want to buy, location, etc. Then work through some real estate broker via e-mail pictures, fax machine documents, etc.
You don’t know what loan you might get until you try. Try a couple of mortgage brokers or lenders in the location where you want to buy the property.
I would suggest that it might be better to invest close to home first, then do the distance thing when you know more about what you are doing. But, it’s your dream, so do it as you can.
Good InvestingRon Starr**