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515: Your Step-by-Step Guide to Buying Out-of-State Investment Properties

515: Your Step-by-Step Guide to Buying Out-of-State Investment Properties

FromBiggerPockets Real Estate Podcast


515: Your Step-by-Step Guide to Buying Out-of-State Investment Properties

FromBiggerPockets Real Estate Podcast

ratings:
Length:
75 minutes
Released:
Oct 7, 2021
Format:
Podcast episode

Description

It’s not uncommon for investors to start out by buying properties in their home markets. It makes things like neighborhood research, rehabs, and tenant showings so much easier when you’re only a short drive away from your property. That’s how Dave Meyer, VP of Data and Analytics right here at BiggerPockets, feels.Dave is currently living in Europe and has invested exclusively in Denver, where he used to call home. Now, as an entirely remote landlord, he’s seen the data on how many markets (like Tampa, Florida) are doing phenomenally for appreciation and rent increases. David Greene, out-of-state investor and the man who literally wrote the book on long-distance real estate investing is here to offer some much-needed council.With David having the experience as an agent and out-of-state investor and Dave having robust housing data at his disposal, the two come up with some clear plans to invest in up-and-coming markets. David and Dave talk about cash flow, appreciation, wage growth, the investing “spectrum”, and why so many real estate investors aren’t planning far enough ahead.In This Episode We Cover:Cash flow vs. appreciation and which one matters most to youDeveloping your investment strategy and picking markets where it worksBalancing the benefits of real estate investing and the investing “spectrum”What makes a market appreciate and cause rents to rise?What to do once you’ve found a great market to invest inQuestions you should ask every out-of-state agent and property managerWhere Dave and David are both looking to investAnd So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets Conference 2021BiggerPockets Agents FinderBiggerPockets InsightsBiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant CardoneBiggerPockets Podcast 250: Grant Cardone on Multifamily Investing and Why You Should Never Buy a House!ZillowCheck the full show notes here: https://biggerpockets.com/show515See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Oct 7, 2021
Format:
Podcast episode

Titles in the series (100)

Imagine you are friends with hundreds of real estate investors and entrepreneurs. Now imagine you can grab a beer with each of them and casually chat about failures, successes, motivations, and lessons learned. That’s what The BiggerPockets Podcast delivers. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investors and other real estate professionals every week. The show won’t tell you how to “get rich quick” or sell you a course, boot camp, or guru system; instead, the BiggerPockets Podcast will give you real strategies that work for real people. Start listening and join the over one million members who are learning to invest so they need Bigger Pockets! Visit biggerpockets.com, and follow Joshua Dorkin @jrdorkin, Brandon Turner @BrandonAtBP and David Greene @DavidGreene24.