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How to Find Out of State Owned Properties for Real Estate Investing

Jerry Norton

Aug 8, 2024

aerial photography of houses during daytime

When you’re looking for real estate leads, you may be considering several lead types, including:

Have you considered properties with out of state owners?

Similar to absentee owners, properties with out of state owners may be more motivated to sell because they are too far away to deal with the property in person. 

Plus, because finding these properties can be difficult, there's often little to no competition.

If you're interested in adding out of state properties to your lead strategy, keep reading!

Advantages of Investing in Out of State Real Estate

Let's start with why this type of real estate investing exists. There are several reasons why investors choose to invest in out of state real estate, including:

Higher Returns in Certain Markets 

One of the primary motivations is the potential for higher returns on investment. If the local market isn't moving much and the returns are minimal, you can tap into emerging or undervalued markets in other states from the comfort of your own home.

For example, certain locations with a large demand for jobs may offer better rental yields and demand.

Diversification & Less Risk

Another advantage of investing in real estate out of state is diversification. By spreading out your investments across different markets, you can reduce your exposure to local downturns.

Also, doing so reduces risk. For example, if you own several properties near the coast in Florida, your entire portfolio could be at risk in the event of a hurricane.

Or, if you own several properties out west, your entire portfolio could be at risk of fire damage.

By spreading your real estate investing portfolio across different markets, you can reduce this inherent risk. 

Vacation Homes

If you desire to have a vacation home or to relocate to a different area in the future, you may explore this concept of investing in real estate out of state.

Probate

If a property in a different state is passed down to you through probate, you may hold the property for some time while you decide what to do with it.

Disadvantages of Investing in Out of State Real Estate 

Even with these advantages, the primary downside is managing the properties.

You aren’t there manage it with your own hands, so a property management company will be required. While this can take the day to day operations off your hands, it can eat into your profit margins.

Even with a property management company, you will still have to make decisions on tenants and repairs — and do so site unseen. After months and years of this, exhaustion can set in — and an out of state owners may look to sell the property. 

So here's the question: as a real estate investor, how can you find these properties?

How to Find Out of State Property Owners

#1: Propwire

Finding out of state owners is not only free with Propwire; you can do so with the click of a button and from the comfort of your own home.

It’s true: simply choose the "out of state owners" lead filter on Propwire’s search dashboard, and it will generate a list of properties that meet the criteria. 

This will create a list of properties for you to examine.

Once you have a property you'd like to investigate further, you can skip trace to find and contact the owner of the property — for just 10 cents!

Get started today.

#2: County Assessor Website & Office

Because county assessor websites provide property records, including ownership information, property tax data, and assessed values, it’s another way to find homes that are owned by those living out of state.

#3: Real Estate Investor Networks

If you’re not already connected with a real estate investor network, these groups can be fertile ground for connections and tips, including finding out certain properties that are owned by out of state owners. 

#4: Probate Leads 

After you obtain a list of probate leads for a fee, you'll have to go through the time consuming task of identify if the new owner lives out of state or not for each lead.

The Bottom Line: How to Find Out of State Property Owners

There’s no doubt about it: Propwire offers the most efficient and affordable way to find out of state property owners. 

If you’re looking for a new real estate lead strategy, use Propwire's lead filter to see a list of potential opportunities today.