Cash Flow Positive Part 1: How to buy deals out-of-state
In this episode of the Cash Flow Positive podcast, Kenny kicks things off with exciting news: the podcast has broken into the Top 100 in iTunes' entrepreneurship category.
You'll discover the challenges and strategies for buying real estate out-of-state; properties that aren't just a short drive away but may require a flight or two to reach.
Kenny shares practical advice for overcoming the fear of distance and emphasizes the importance of mindset in tackling these investments. You'll learn the key steps, including building a trustworthy acquisition team, with a focus on securing experienced lenders and realtors who are well-versed in short-term rental markets.
Whether you're a seasoned investor or just considering your first long-distance deal, this episode lays the groundwork for growing your real estate empire beyond your local market.
If you've enjoyed this episode of the Cash Flow Positive podcast, be sure to leave a review and subscribe today!
Enjoy!
In This Episode You'll Learn:
- The importance of overcoming the fear and limiting mindset associated with buying out-of-state.
- Why you should always connect with the right acquisition team when buying out-of-state properties.
- The concept of Planned Unit Developments (PUDs) and the unique lending challenges they present.
- How having a quality control person can reduce the stress and hassle of managing out-of-state properties.
- And much more...
Resources:
Connect with Kenny on LinkedIn