BiggerPockets Daily 6 Ways to Invest Out-of-State
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Mar 23, 2025 Discover six savvy strategies for out-of-state real estate investing, from land flipping to turnkey rentals. Learn how to navigate the world of vacation properties while avoiding emotional traps. The discussion emphasizes the importance of analyzing financial metrics objectively. Explore passive investment options like syndications, revealing how savvy investors capitalize on cash flow and tax benefits while diversifying their portfolios for maximum returns.
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Land Flipping Tip
- Consider land flipping; it doesn't require seeing the land in person.
- Market to owners directly, offering 25% of lowest county values, then do due diligence if they show interest.
Turnkey Rental Advice
- Vet turnkey rental sellers carefully, speaking with multiple clients.
- Look for sellers offering full property management at reasonable prices and guaranteed initial repairs.
Vacation Rental Strategy
- Treat vacation rentals as investments, not emotional purchases.
- Buy within a four-hour radius for personal use without losing rental income, like Katie Klein suggests.