Real Estate Rookie How to Build an Out-of-State Investing Team in Any Market (Rookie Reply)
Jan 23, 2026
Thinking of investing out-of-state? Discover the essential steps to build a reliable local team, including how to vet agents, contractors, and lenders. Explore the delicate balance between waiting for a perfect cash flow and seizing your first investment property. Learn about the house hacking strategy to maximize your investment potential while securing a primary residence. Plus, dive into the importance of understanding true net cash flow and the critical red flags to watch for when assembling your investing team.
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Always Calculate True Net Cash Flow
- Calculate true net cash flow including vacancy, repairs, and CapEx before accepting a low monthly number.
- Avoid deals that are negative once reserves and variable expenses are included.
First Deal: $150 Monthly Cashflow
- Tony's first rental in Shreveport produced $150/month after expenses and required $0 initial cash.
- He treated it as nearly free money while the tenant paid down the mortgage.
Compare Opportunity Cost Before You Buy
- Factor in your opportunity cost of capital and time when deciding if a low-cash-flow deal is worth it.
- If better uses of funds or time exist, prioritize those over marginal monthly gains.