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

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

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Your Step-by-Step Guide to Buying Out-of-State Investment Properties
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0:00 Introduction
3:12 Getting your hands on good data
17:09 Investment /"Spectre/"
11:44 Why is cash flow so hard to find?
19:06 Visualizing your long-term cash flow
23:32 Balancing the benefits of real estate
27:22 What makes a market appreciate?
36:35 What to look for in a cash flow market
38:46 You've found a great deal, what's next?
1:01:28 Furious four!

Purchasing rental properties out of state may be common for some investors, but it is not uncommon for many investors to start by purchasing properties in their home market. This makes things like neighborhood research, rehabs, and tenant tours much easier when you're just a short drive from your property. That's how Dave Meyer, VP of Data and Analytics here at BiggerPockets, feels.

Dave currently lives in Europe and has invested exclusively in Denver, where he previously lived. Now, as a fully remote landlord, he's seen the data on how many markets (like Tampa, Florida) are performing phenomenally in terms of appreciation and rent increases. David Greene, foreign investor and the man who literally wrote the book on remote real estate investing, is here to offer some much-needed advice.

Plus, they talk about the new tool, our Agent Finder, and how it matches you with investor-friendly agents based on your investment location, strategy, and willingness to buy!

Join BiggerPockets for FREE:
https://www.biggerpockets.com/signup

Take advantage of BiggerPockets information:
https://www.biggerpockets.com/insights

Find the perfect agent for your next out-of-state purchase:
https://www.biggerpockets.com/agent/

Cash flow versus appreciation:
https://www.biggerpockets.com/blog/2015-07-21-whataes-important-aecf-appreciation

Get David’s book “Long Distance Real Estate Investing”
https://store.biggerpockets.com/products/long-distance-real-estate-investing

Connect with David and Dave:
DG: @davidgreene24 or https://www.instagram.com/davidgreene24/
DM: @thedatadeli or https://www.instagram.com/thedatadeli/

Episode #515

View notes at: https://www.biggerpockets.com/show515

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