It’s not uncommon for investors to start out by buying properties in their home markets. It makes things like neighborhood research, rehabs, and tenant showings so much easier when you’re only a short drive away from your property. That’s how Dave Meyer, VP of Data and Analytics right here at BiggerPockets, feels.
Dave is currently living in Europe and has invested exclusively in Denver, where he used to call home. Now, as an entirely remote landlord, he’s seen the data on how many markets (like Tampa, Florida) are doing phenomenally for appreciation and rent increases. David Greene, out-of-state investor and the man who literally wrote the book on long-distance real estate investing is here to offer some much-needed council.
With David having the experience as an agent and out-of-state investor and Dave having robust housing data at his disposal, the two come up with some clear plans to invest in up-and-coming markets. David and Dave talk about cash flow, appreciation, wage growth, the investing “spectrum”, and why so many real estate investors aren’t planning far enough ahead.
In This Episode We Cover:
Cash flow vs. appreciation and which one matters most to you
Developing your investment strategy and picking markets where it works
Balancing the benefits of real estate investing and the investing “spectrum”
What makes a market appreciate and cause rents to rise?
What to do once you’ve found a great market to invest in
Questions you should ask every out-of-state agent and property manager
Where Dave and David are both looking to invest
And So Much More!
Links from the Show
Check the full show notes here: https://biggerpockets.com/show515
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