Out Of State: A Practical Guide to Long-Distance Real Estate Investing
Whether it's across the state or across the planet, this is the only book that will teach you to overcome the challenges of long-distance real estate investing!

The stock market goes up and down, but everyone--everyone-- needs a place to live. That's one of the many reasons that rental real estate is an excellent investment. Real Estate Investing (REI) isn't just for moguls, though. All around the country, everyday men and women with everyday jobs supplement-- and even replace-- their regular income with rental property cash flow.

But what if you live abroad, in an expensive city, or in a remote location? What if you're a member of the military who may be deployed or relocated on a moment's notice? Buying, renovating, and renting out property from a distance has some unique challenges... but it's absolutely possible, and you can do it!

This book will teach you to select a great rental market, find cash-flowing properties, hire a trustworthy and experienced team to work on your behalf, analyze deals, make repairs, and place quality tenants who will pay the rent on time. You'll learn how to manage every aspect of a real estate investment without ever setting foot in the house, and you'll learn to do it with confidence.

Out of State will teach you about:

* Determining the ideal property for your risk tolerance and budget
* Neighborhood and property grades
* Picking the ideal real estate market (without ever visiting)
* Finding qualified real estate agents, property managers, lenders, contractors, and other team members, whether you're a hundred or a thousand miles away
* Detailed interview questions for every member of your team
* How to prevail in purchase negotiations
* Financing properties and navigating the lending process
* Using your team's expertise to avoid making a bad investment
* Getting your repairs done professionally, on time, and on-budget
* Placing, managing, and (when necessary) removing tenants

Other books teach you the why of real estate, but precious few teach you the how. Out of State forgoes anecdotes and teaches you the rules, the best practices, and yes, the math needed to succeed when you're purchasing real estate from afar.
1123465988
Out Of State: A Practical Guide to Long-Distance Real Estate Investing
Whether it's across the state or across the planet, this is the only book that will teach you to overcome the challenges of long-distance real estate investing!

The stock market goes up and down, but everyone--everyone-- needs a place to live. That's one of the many reasons that rental real estate is an excellent investment. Real Estate Investing (REI) isn't just for moguls, though. All around the country, everyday men and women with everyday jobs supplement-- and even replace-- their regular income with rental property cash flow.

But what if you live abroad, in an expensive city, or in a remote location? What if you're a member of the military who may be deployed or relocated on a moment's notice? Buying, renovating, and renting out property from a distance has some unique challenges... but it's absolutely possible, and you can do it!

This book will teach you to select a great rental market, find cash-flowing properties, hire a trustworthy and experienced team to work on your behalf, analyze deals, make repairs, and place quality tenants who will pay the rent on time. You'll learn how to manage every aspect of a real estate investment without ever setting foot in the house, and you'll learn to do it with confidence.

Out of State will teach you about:

* Determining the ideal property for your risk tolerance and budget
* Neighborhood and property grades
* Picking the ideal real estate market (without ever visiting)
* Finding qualified real estate agents, property managers, lenders, contractors, and other team members, whether you're a hundred or a thousand miles away
* Detailed interview questions for every member of your team
* How to prevail in purchase negotiations
* Financing properties and navigating the lending process
* Using your team's expertise to avoid making a bad investment
* Getting your repairs done professionally, on time, and on-budget
* Placing, managing, and (when necessary) removing tenants

Other books teach you the why of real estate, but precious few teach you the how. Out of State forgoes anecdotes and teaches you the rules, the best practices, and yes, the math needed to succeed when you're purchasing real estate from afar.
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Out Of State: A Practical Guide to Long-Distance Real Estate Investing

Out Of State: A Practical Guide to Long-Distance Real Estate Investing

by R.M. Andrews
Out Of State: A Practical Guide to Long-Distance Real Estate Investing

Out Of State: A Practical Guide to Long-Distance Real Estate Investing

by R.M. Andrews

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Overview

Whether it's across the state or across the planet, this is the only book that will teach you to overcome the challenges of long-distance real estate investing!

The stock market goes up and down, but everyone--everyone-- needs a place to live. That's one of the many reasons that rental real estate is an excellent investment. Real Estate Investing (REI) isn't just for moguls, though. All around the country, everyday men and women with everyday jobs supplement-- and even replace-- their regular income with rental property cash flow.

But what if you live abroad, in an expensive city, or in a remote location? What if you're a member of the military who may be deployed or relocated on a moment's notice? Buying, renovating, and renting out property from a distance has some unique challenges... but it's absolutely possible, and you can do it!

This book will teach you to select a great rental market, find cash-flowing properties, hire a trustworthy and experienced team to work on your behalf, analyze deals, make repairs, and place quality tenants who will pay the rent on time. You'll learn how to manage every aspect of a real estate investment without ever setting foot in the house, and you'll learn to do it with confidence.

Out of State will teach you about:

* Determining the ideal property for your risk tolerance and budget
* Neighborhood and property grades
* Picking the ideal real estate market (without ever visiting)
* Finding qualified real estate agents, property managers, lenders, contractors, and other team members, whether you're a hundred or a thousand miles away
* Detailed interview questions for every member of your team
* How to prevail in purchase negotiations
* Financing properties and navigating the lending process
* Using your team's expertise to avoid making a bad investment
* Getting your repairs done professionally, on time, and on-budget
* Placing, managing, and (when necessary) removing tenants

Other books teach you the why of real estate, but precious few teach you the how. Out of State forgoes anecdotes and teaches you the rules, the best practices, and yes, the math needed to succeed when you're purchasing real estate from afar.

Product Details

BN ID: 2940157943943
Publisher: R.M. Andrews
Publication date: 02/25/2016
Sold by: Barnes & Noble
Format: eBook
File size: 155 KB

About the Author

R.M. Andrews is a successful real estate investor, software engineer, and aspiring early retiree... but it wasn't always that way. First, he was a rabid consumer, buying every shiny new toy and other useless trinkets, living paycheck to paycheck (when he wasn't living cash advance to cash advance). That all changed when he discovered the world of stealth wealth. Sick and tired of always being broke, R.M. began to read personal finance books like The Millionaire Next Door and web sites such as Mr. Money Mustache and Go Curry Cracker. R.M. embarked on a mission to pay off tens of thousands of dollars in credit card debt and join the ranks of the financially independent through real estate investment.

These days, the consumer debt is long gone, new properties are coming online at breakneck pace, and R.M. and his fiancée are just a couple of years away from saying goodbye to the grind once and for all. In early retirement, R.M. and family will become citizens of the world, slow traveling from place to place and living among new and interesting cultures. Home will be wherever they are together, and it will be thanks in large part to income from real estate and the lessons learned in this book.

R.M. writes about frugality, travel, real estate investment, and early retirement at The Frugal Vagabond.
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