Priced-out investors seek distant properties

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Real estate is still hot. Some markets across the country continue to experience double-digit-percentage appreciation.

Because of escalating prices, investors are using new strategies. Instead of flipping foreclosures, investors are looking to purchase pre-construction units and resell them at the table on settlement day to another buyer.

Still others are beginning to take their profits and move their investment holdings to other undervalued communities away from home.

The market in Washington and some other cities has priced out not only some would-be homeowners and move-up buyers, but investors, as well.

So where can you get a good deal these days when you can't afford the market where you live? Think long-distance investing.

Real estate has demonstrated its resilience throughout the years, and investors are banking on finding land and homes far from their own neighborhoods to continue building their real estate portfolios.

Keep in mind, an investor can make money off real estate in several ways:

• Purchase fixer-uppers: Invest, fix up and flip.

m Purchase new and flip when construction is completed.

m Purchase, move in and hold.