The BetterLife Podcast Live in an Expensive Market? Here's EXACTLY How to Invest Out of State | Don & Janelle Carlson (Ep 157)
Jun 24, 2025
Don and Janelle Carlson, real estate investors focused on wholesaling and flipping in Cincinnati, share their journey of investing in more affordable markets while navigating costly regions. They discuss vital strategies for out-of-state investing, such as building local connections and effective communication. The couple shares cautionary tales from their early ventures, emphasizing the importance of due diligence. They also touch on their charitable work against human trafficking, showcasing how personal and professional lives intertwine in their real estate careers.
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Visit and Vet Markets Personally
- Visit potential investment markets in person to understand neighborhoods and local vibes.
- Connect with local realtors, wholesalers, and investors before making a purchase decision.
Network Before Market Visits
- Before visiting a new market, connect with realtors, wholesalers, and investors to learn about neighborhoods and prices.
- Attend local meetups if possible to ask questions and build relationships.
Lost $35K in First Deal
- Their first real estate deal was a $35,000 loss when they trusted a broker who vanished with their money.
- They tracked him down years later but couldn't recover the funds, learning a costly lesson early on.
