A Millennial's Guide to Investing in Cash Flowing Rental Properties

By Antoine Martel

Real estate investing isn't just for the professionals. This step-by-step guide to investing in cash flowing rental properties will teach you everything you need to know about investing in out of state rental properties. Whether you're investing in real estate for the first time or you're interested in learning how to invest in real

• Language: English
• Publisher: Antoine Martel
• Release date: Sep 11, 2019
• ISBN: 9781733446518

Antoine Martel

Antoine Martel is a real estate entrepreneur from San Mateo, California. His proven real estate investment strategies have enabled countless clients realize passive income and financial freedom through out-of-state turnkey rental properties. Martel Turnkey specializes in assisting first-time and veteran real estate investors purchase cash flowing rental properties in a wide range of markets across the U.S. Since its founding, Martel Turnkey, with Antoine Martel at the helm, has sold well over $11 million worth of cash flowing real estate. While still a student at Loyola Marymount University, Antoine had already begun immersing himself in learning the real estate industry, absorbing everything he could about real estate investing; how to set up a team, networking, calculating the numbers, recognizing good deals and much more. Before he'd even graduated with a degree in Entrepreneurship, Antoine had already secured multiple cash flowing properties for the new family business, Martel Family Realty, which evolved into what is now Martel Turnkey. Antoine Martel is now a nationally recognized real estate expert with tens of thousands of followers. He is an inspiration to both millennials and generations from every decade. Antoine's highly popular podcast, "A Millennial's Guide to Real Estate Investing," can be accessed through iTunes, Spotify and various other podcast outlets. Antoine is always happy to make new connections. Interested potential investors and real estate professionals can reach out to Antoine on Instagram @martelantoine, or via MartelTurnkey.com.

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Table of Contents

Introduction

Chapter 1: Why You Should Look Out of State For Cash Flowing Properties

Chapter 2: How to Find a Market Out of State

Chapter 3: How to Find Rental Properties

Chapter 4: What to Look For in a Rental Property

Chapter 5: How to Calculate Cap Rate

Chapter 6: Building Your Team

Chapter 7: Funding Your Real Estate Investments

Chapter 8: The BRRRR Strategy

Chapter 9: How to Buy an Out of State, Cash Flowing Turnkey Rental

Conclusion

Introduction

I was first introduced to real estate investing in 2015. That was the year my dad and brother and I attended a real estate seminar, where they demonstrated how much money could be made in real estate. We were excited about the possibilities, and we immediately tried to implement the strategies we’d learned near our home in the San Francisco Bay Area. However, the local housing market was so expensive that we couldn’t compete with other investors. Even if we had been able to, it would have been incredibly hard to turn a profit in that kind of market.

That’s when I began looking into investing out of state. I was convinced of two things; 1) my money could go a lot further, which would allow me to grow my portfolio much faster and, 2) the properties that I could buy were going to create positive cash flow. Long story short, my plan to invest in rental properties out of state worked.

In fact, it worked so well that in just three years I was able to transform our family’s initial capital investment of $40,000 into a company with a real estate portfolio that’s now valued at over $11 million! All that money has come from buying distressed properties, fixing them up, renting them out, and then either refinancing them or selling them for profit.

In today’s market, it’s harder than ever to find cash flowing real estate rental properties in your own neighborhood or even in your own state. The housing prices have reached such levels that potential profits--and cash flow--are really getting squeezed.

This guide to investing in cash flowing rental properties contains the information you need to feel comfortable and confident pursuing your real estate investment goals.

Sincerely,

Antoine Martel

Chapter 1: Why You Should Look Out of State For Cash Flowing Properties

The real estate market in the U.S. is always in flux, and it’s never exactly the same from one market to another. This makes a favorable situation for investors who are willing to look beyond their own market for cash flowing rentals.

When I first started looking to invest in my state of California, I realized fairly quickly that it would be impossible for me to find affordable cash flowing properties near me. Once I began looking out of state for cash flowing properties instead of glamorous California, that’s when I was finally able to find properties that produced positive cash flow. As you read in the introduction, a few years later it had ballooned into a company with an $11 million dollar portfolio.

If you’re looking for cash flowing rental properties, odds are high that you’ll need to look out of state. Keep these things in mind:

Open up to the idea of investing in rentals out of state, if you want to have a chance at building a fortune in real estate

Let go of any fear you have about investing out of state. If you take the advice in this book and apply the formulas, you’ll have almost everything you need to build a cash flowing portfolio of real estate

Set up a good team around you. The team that you set up on the ground is going to either make or break your investment, make sure that you have solid boots on the ground.

Reasons to Invest Out of State

Affordability

Most first-time investors don’t have millions of dollars to invest in a rental property. You can often find out of state rental properties for a fraction of what you’d have to pay in your home state. Investing out of state allows you to start investing with as little as $20,000.

More Inventory

When you broaden your search for rentals to out of state locations, you open up a whole new assortment of inventory options for yourself. There are hundreds of thousands of available properties around the country. Since you won’t be living in the property, it doesn’t make sense to limit yourself to properties in your own state.

Laws May be More Favorable

Optimally, when investing in rental properties, you want to be in a state with landlord-friendly laws. Landlord-friendly means that if an adversarial relationship develops between the landlord and the tenant, the laws favor the rights of the landlord over the tenant.

That’s not to say that the laws are biased against tenants; it’s just that the government in those states recognize the burden that landlords bear and has passed