Hi
I am in the process of looking to buy my first investment property. If I buy interstate I am just curious on the logistics of how it all happens.
Do you need a local solictior? Who takes the keys? Does the solicitor take the keys and then I find a property manager who is going to look after the house to go get them etc?
Any other logistical issues I need to be aware of?
Thanks
ScottHI Scott, i have bought all my properties sight unseen including a property that is interstte. my solicitors simply liased with interstate solicitors that they have had experience with. The property management has been ahndled by the same real estate agent which I bought thru on two occasions. On the other occasions I have telephoned around for property managers as well as asking the selling agent if they had any recommendations. The reason that they did not manage the properties was that they dealt solely with sales not rental management. As with anything do your research, but I have found that my solicitors are more than happy to go thru contracts with me then liase with their interstate counterparts to get the paperwork done as per the interstate processes and procedures.
Cheers
Sonya
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