Out of State Investors can be a great stream of income.

I just wanted to talk about a great experience i've had working with an out of state investor over the past year.
I had the opportunity to meet an Investor last year from New York, who was looking to purchase a few properties in Florida. I happened to have a listing in an area he was interested in and we locked up the sale within a day of me getting the listing. From that point on, it has been such a great experience. He wanted to continue buying properties in the same area, as the prices were low, the HOA's were low, and the rental income could be substantial. We developed a system, I would send him the properties, he would send me back which ones he liked with offer prices. I email him the offers to sign, and then put them in. After that, I dont do much else, other than a walk through inspection, and follow up with the attorneys, closing agents, banks, listing agents etc via email. The other people involved did the majority of the work, and I just sit back and wait for a check. Its a little bit of work upfront, finding the properties and getting everything moving along, but after that, its easy. Now we have one closing about every other month. Its one of those things that I can usually count on to close once we have a deal worked out.
In Real Estate its not easy to have a steady stream of closings and income. This is just one of the things I do to keep money coming in, even when the market is slow.