out of state real estate

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    #384: Invest Anywhere: Six Strategies to Make Money in Real Estate

    ByPaula Pant

    Welcome back to the third episode in our special series, Afford Anything Presents: Invest Anywhere.

    Invest Anywhere is a new monthly series that runs on the First Friday of each month. It lays out the information you need to invest in real estate at a distance.

    Many of you want to invest in real estate, but you live in a high-cost-of-living area. (Ahem, California and New York). The homes in your city are prohibitively expensive, and they offer lackluster returns.

    You could invest in a lower-cost area like Cincinnati, Indianapolis, Omaha or Wichita … but HOW? That sounds terrifying.

    We’re here to dismantle that fear, piece by piece, by sharing our knowledge and experience.

    The Invest Anywhere series is dedicated to giving you the guidance you need to make smart, confident choices about investing out-of-state.

    It’s co-hosted between myself (Paula) and esteemed real estate investor Suni Rao, who’s experienced everything ranging from buy-and-hold rental investing to (accidentally) wholesaling. She’s managed short-term and long-term rentals. She’s owned houses, multi-units, and even a mobile home park.

    She joins me in this episode to talk about a variety of strategies that will help you make money in real estate.

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    #379: Invest Anywhere: 4 Benefits and 5 Challenges of Long-Distance Real Estate Investing

    ByPaula Pant

    Welcome to our First Friday bonus episode.

    Once a month, Afford Anything presents a special feature called Invest Anywhere, in which we teach our audience how to invest in real estate from thousands of miles away.

    We kickoff today’s episode by discussing current market conditions. Yesterday the Fed raised interest rates by another 50 basis points, which means mortgages are more expensive than they’ve been in years. Additionally, jittery investors worried about an impending recession led the stock market to its worst day of the calendar year so far.

    How should we interpret the current market conditions? Is this a good time to buy an investment property? We cover this in the first 20 minutes of today’s episode.

    Next, we discuss 5 challenges associated with investing in long-distance real estate investing: (1) fear, (2) accountability, (3) traction, (4) stress, and (5) relationships.

    We elaborate on each challenge and offer solutions.

    Finally, we discuss 4 benefits to investing out-of-state: (1) competitive ability, (2) diversification, (3) returns, and (4) repeatability. We elaborate on four types of diversification: economic, strategy, business cycle, and asset based.

    Enjoy!