73: Investing in Rental Properties When Your Local Area is Too Expensive With Mehran Kamari 01:04:00

    <p>Today on the <a href="https://www.biggerpockets.com/podcast">BiggerPockets Podcast</a> we are excited to welcome back a repeat guest coming to us from The Los Angeles area!</p><p>We first met Mehran Kamari  in the newbie podcast back on show 025, where he took us through the process of his first out-of-state deal, and… well, a lot has happened since then!</p><p>Since his last appearance, Mehran’s business has blown up – just completing the purchase of his 10th property!</p><p>In today’s show, Mehran teaches us how to successfully invest out-of-state when your local market is too expensive. He goes into detail on how to use BiggerPockets to find out-of-state partners, what due diligence you need to do, who you need on your team, how to overcome fear and much, much more!</p><p>If you are in a market where the numbers just don’t seem to work, then this Podcast is for you!</p><p>In This Show, We Cover:</p><ul>

Links Mentioned

• BP Podcast 029: Using Peer-to-Peer Lending to Finance Deals, Cash Flow, and Fix and Hold Investing with Dawn Anastasi
• BP Podcast 063: Automating Your Investing, Long Distance Rehabs and Spec Building with J Scott
• HipChat.com
• Real Estate Rewind [A BiggerPockets Community Book]
• Google Map View of Detroit back in 2008

Books Mentioned in the Show

• How I Turned $1,000 into a Million in Real Estate in My Spare Time by William Nickerson
• Success Mastery Academy by Brain Tracey

Tweetable Topics

• “To be honest I wouldn’t invest out of state unless I had a partner with boots on the ground.” (Tweet This!)
• “You are the average of the 5 people that you spent the most time with.” (Tweet This!)

Connect with Mehran

• Mehran’s BiggerPockets Profile

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