BiggerPockets Real Estate Podcast

How to Buy Your First Out-of-State Real Estate Investment (Step-by-Step)

60 snips
Feb 7, 2025
Kathy Fettke, a long-distance real estate expert, shares insight into out-of-state investing, tapping into the shift from expensive coastal markets to more affordable regions. She breaks down essential steps for new investors, including how to pick profitable markets and analyze deals from afar. Kathy discusses the crucial factors to consider, like property taxes and insurance, along with the importance of establishing a reliable property management team. She reveals her top rental property choice for first-time buyers, making out-of-state investing accessible for everyone.
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ADVICE

Invest Out-of-State for Better Opportunities

  • Invest out-of-state to find markets matching your strategy and price point.
  • Handpick any location in the country that aligns with your investment goals.
ANECDOTE

Kathy’s Dallas Experience

  • Kathy Fettke flew to Dallas following Robert Kiyosaki’s investment advice.
  • An agent showed her overpriced properties, emphasizing the need for market research.
ADVICE

Research Local Market

  • Understand the local market like a traveler understands exchange rates.
  • Research median home prices online or by visiting the market to avoid overpaying.
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