257: But My Market is Too Expensive!” (How to Become a Long-Distance Real Estate Investor) with David Greene

Investing outside of your local market can strike fear into the hearts of even the most savvy real estate investor. But long-distance investing doesn’t need to be extra risky! In fact, today’s guest argues that it might just be the most profitable investing you’ll ever do. Today’s guest, David Greene, a San Francisco real estate investor and agent, shares his incredible process for finding, rehabbing, and managing properties from thousands of miles away. His approach to building a “Core Four” is nothing short of genius and will transform how you run your real estate business, whether you are buying next door or 49 states away. This is one show that could change your real estate strategy forever!

In This Episode We Cover:

• What David’s been up to since the last time he was in the show
• How to find the right people to help you find the right properties
• How to seek out top-notch lenders
• Tips for offering value to people hundreds of miles away
• A discussion on whether newbies can invest long distance
• The “Core 4” team members you’ll need when investing in real estate out-of-state
• David’s thoughts on turnkey companies
• How to overcome the fear of trusting someone you work with
• All about David Greene’s new book!
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David Greene
• BiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of Mentors
• Long-Distance Real Estate Investing by David Greene
• Home on Discovery Bay, CA (House Hunter Episode with David Greene)
• Rentometer
• BiggerPockets Analysis
• BiggerPockets Podcast 248: From Shop Teacher to Multifamily Syndicator with Todd Dexheimer
• BiggerPockets Podcast 227: From Single Family Houses to $130,000,000 in Multifamily with Joe Fairless
• BiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan Murdock

Books Mentioned in this Show

• A Curious Mind by Brian Grazer
• The ONE thing by Gary Keller and Jay Papasan
• The 4-Hour Workweek Tim Ferriss
• The Millionaire Real Estate Agent by Gary Keller
• The Richest Man in Babylon by George S Clason
• Principles by Ray Dalio

Fire Round Questions

• Out of town financing
• From NYC to out of state investing Help
• How does investing out of state impact your tax status?
• Out of state smaller properties?
• How important is it to have an in-state CPA?

Tweetable Topics:

• “I’m putting a dream team together that runs on autopilot.” (Tweet This!)
• “The market itself is not quite as important as the success you’ll likely have in that market.” (Tweet This!)
• “It’s only risky if you’re lazy.” (Tweet This!)
• “You’re not going to make money right away when you start first doing anything new. It’s only going to be what you learn that will make money later.” (Tweet This!)

Connect with David

• David’s BiggerPockets Profile
• David’s Facebook Profile
• David’s Company Website
• David’s Personal Website

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