BiggerPockets Real Estate Podcast podcast

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

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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 you

Developing your investment strategy and picking markets where it works

Balancing 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 in

Questions you should ask every out-of-state agent and property manager

Where Dave and David are both looking to invest

And So Much More!

Links from the Show

BiggerPockets Youtube Channel

BiggerPockets Conference 2021

BiggerPockets Agents Finder

BiggerPockets Insights

BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone

BiggerPockets Podcast 250: Grant Cardone on Multifamily Investing and Why You Should Never Buy a House!

Zillow

Check the full show notes here: https://biggerpockets.com/show515

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Altri episodi di "BiggerPockets Real Estate Podcast"

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    522: From “No Comma Paychecks” to 7-Figures Using These 5 Skills w/ Nasar El Arabi

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    521: Leukemia & Bankruptcy to Retired with 250 Units in 7 Years

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    Marching along Bourbon Street last week was a parade with some of the best real estate investors in the world, celebrating another successful BPCon, ready to take on the world. Throughout the past week, attendees of the conference heard from world-class business leaders, investors, and authors, learning about everything from running a business to short-term rental markets, to self-storage, and more.On this live episode, your hosts, Brandon and David, are joined by Scott Trench, host of the BiggerPockets Money Podcast, Ashley Kehr and Tony Robinson, hosts of the Real Estate Rookie Podcast, and Liz Faircloth and Andresa Guidelli, hosts of The Real Estate InvestHER Podcast, plus special guest Esther, who has a widely impressive portfolio herself.You’ll hear the hosts talk about topics like how to connect with fellow investors, future trends influencing the real estate market, what’s working today (and what isn’t), plus a live version of the Famous Four and Fire Round.If you weren’t able to make it to this year's BPCon, plug into this episode and get on the waiting list for next year!In This Episode We Cover:What’s ‘firing up’ the hosts of the BiggerPockets Podcast Network?What investors can do in today’s market to ensure wealth tomorrowFuture trends that allow investors to profitably pivotHow BPCon helps connect investors, reshape ideas, and build wealthHow to vet partners before you go in on a deal with themThe top characteristics that contribute to your success as an investor Why you should definitely be at BPCon 2022 And So Much More!Links from the Show:NPR (National Public Radio)Kevin Leahy's BiggerPockets ProfileMark Ferguson's InvestFourMoreWendy Papasan's LinkedIn ProfileNoah Evans's LinkedIn ProfileRickey Rodriguez's BiggerPockets ProfileYour First Real Estate Investment Podcast: How to Recover from the Great Recession and Leverage Creative Financing to Fund Your First DealJoe Asamoah's BiggerPockets Author ProfileAJ Osborne's Personal WebsiteSteve Rozenberg's BiggerPockets ProfileInvestHer's Partnership Question GuideMeetupHal Elrod's Personal WebsiteDave Ramsey's Personal WebsiteCashflow The Board GameMatt Faircloth's BiggerPockets Author ProfileBiggerPockets CalculatorsThe Real Estate InvestHER CommunityCheck the full show notes here: https://biggerpockets.com/show518See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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    517: 5 Pitfalls When Buying These “Crazy Cash Flow” Properties

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    516: Are You an Asset or Liability to Those in Your Life? w/ Earn Your Leisure

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    Everyone knows that financial education is one of the most crucial things to teach children at a young age. It doesn't just set them up to be wealthy, but it gives them the tools to be confident, choose delayed gratification, and hopefully, impact another young person’s life one day. This is understood wholeheartedly by Rashad Bilal and Troy Millings, former financial advisor and school teacher.What had started as a small classroom experiment in teaching children financial literacy turned into a media empire. Rashad and Troy shared their class teachings online, which pushed them to create a course for the kids, and later into the Earn Your Leisure podcast, where they talk about everything ranging from high-value financial concepts to sports to entertainment and more.What keeps Rashad and Troy going is knowing that their work is allowing thousands of people to improve their life situations, whether children or adults. The duo not only talks extensively about the difference between financial assets and liabilities but about relationship assets and liabilities. This helps answer the question: who’s helping bring you up and who’s trying to keep you down?In This Episode We Cover:The importance of spurring on financial literacy for young kids How to teach your children about money and examples you can useThe role that playing sports had in Rashad and Troy’s livesAssets over liabilities and why you need to invest in relationship assets as wellStocks, ETFs, multifamily, and cryptocurrency investmentsStaying committed to your goals and following throughAnd So Much More!Links from the ShowBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets Youtube ChannelBiggerPockets Conference 2021BiggerPockets Agents FinderBiggerPockets InsightsEYL Episode #63 Money Machine by Earn Your LeisureAirbnbBrandon's InstagramDavid’s InstagramOpenDoor CapitalClick here to check the full show notes: https://www.biggerpockets.com/show516See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
  • BiggerPockets Real Estate Podcast podcast

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

    1:08:57

    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.

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