515: Your Step-by-Step Guide to Buying Out-of-State Investment Properties 01:14:42

    <p>It’s not uncommon for <strong>investors to start out by buying properties in their home markets</strong>. It makes things like <a href="https://www.biggerpockets.com/blog/neighborhood-analysis">neighborhood research</a>, rehabs, and tenant showings so much easier when you’re only a short drive away from your property. That’s how <a href="https://www.instagram.com/thedatadeli/"><strong>Dave Meyer</strong></a>, VP of Data and Analytics right here at BiggerPockets, feels.</p><p>Dave is currently living in Europe and has <strong>invested exclusively in Denver</strong>, where he used to call home. Now, as an <a href="https://www.biggerpockets.com/blog/the-remote-landlord-how-i-live-overseas-still-manage-my-us-rentals">entirely remote landlord</a>, he’s seen the data on how many markets (like Tampa, Florida) are doing <strong>phenomenally for appreciation and </strong><a href="https://www.biggerpockets.com/blog/raise-rent-without-losing-tenants"><strong>rent increases</strong></a>. <strong>David Greene</strong>, out-of-state investor and the man who literally <strong>wrote </strong><a href="https://store.biggerpockets.com/products/long-distance-real-estate-investing"><strong>the book on long-distance real estate investing</strong></a> is here to offer some much-needed council.</p><p>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 <strong>clear plans to invest in up-and-coming markets</strong>. David and Dave talk about <a href="https://www.biggerpockets.com/blog/rental-property-cash-flow-analysis"><strong>cash flow</strong></a><strong>, appreciation, wage growth, the investing “spectrum”</strong>, and why so many real estate investors aren’t planning far enough ahead.</p><p><strong>In This Episode We Cover:</strong></p><p><a href="https://www.biggerpockets.com/blog/2015-07-21-whataes-important-aecf-appreciation"><strong>Cash flow vs. appreciation</strong></a> and which one matters most to you</p><p>Developing your investment strategy and <strong>picking markets</strong> where it works</p><p>Balancing the<strong> benefits of real estate investing </strong>and the investing “spectrum”</p><p>What makes a <strong>market appreciate and cause rents to rise</strong>?</p><p>What to do once you’ve<strong> found a great market</strong> to invest in</p><p><strong>Questions </strong>you should ask <strong>every </strong><a href="https://www.biggerpockets.com/blog/choose-real-estate-agent-purchasing-out-of-state"><strong>out-of-state agent</strong></a><strong> and property manager</strong></p><p>Where Dave and David are both looking to invest</p><p>And <strong>So </strong>Much More!</p><p><strong>Links from the Show</strong></p><p><a href="https://www.biggerpockets.com/youtube">BiggerPockets Youtube Channel</a></p><p><a href="https://www.bpcon2021.com/">BiggerPockets Conference 2021</a></p><p><a href="http://BiggerPockets.com/agents">BiggerPockets Agents Finder</a></p><p><a href="https://biggerpockets.com/insights">BiggerPockets Insights</a></p><p><a href="https://www.biggerpockets.com/blog/2015-02-05-bp-podcast-108owning-350-million-real-estate-10x-rule-grant-cardone">BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone</a></p><p><a href="https://www.biggerpockets.com/blog/biggerpockets-podcast-250-grant-cardone-multifamily-investing-buy-house">BiggerPockets Podcast 250: Grant Cardone on Multifamily Investing and Why You Should Never Buy a House!</a></p><p><a href="https://www.zillow.com/">Zillow</a></p><p>Check the full show notes here: https://biggerpockets.com/show515</p>
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