Portland Public Library

Long-distance real estate investing, how to buy, rehab, and manage out-of-state rental properties, David Greene

eng

no index present

non fiction

Long-distance real estate investing

1017697694

David Greene

how to buy, rehab, and manage out-of-state rental properties

"Real estate investing is one of the greatest vehicles to build wealth, but it doesn't make sense in every market. Some locations provide incredible returns, while others make it almost impossible to find a single property that profits. Traditionally, investing out of state has been considered risky and unwise. But the rules, technology, and markets have changed: No longer are you forced to invest only in your backyard! Experienced investor and real estate agent David Greene shares his in-depth strategy to build profitable rental portfolios through buying, managing, and flipping out-of-state properties."--Page 4 of cover

Why invest out of state?. ; Don't trust your gut ; Disrupt the norm ; Investing in your own backyard ; The crop analogy -- The Power of the Internet. Finding homes through the MLS ; Finding property tax records ; Homeowner's Insurance online ; Ways to determine an area's desirability ; Determining rental rates ; Finding past permits ; Using your smartphone to manage your business ; Using technology to buy property sight unseen ; Smartphone apps in your business -- Rules and relationships ; Price-to-rent ratios ; Determine an area's price-to-rent ratio ; Alternative strategies to buy-and-hold ; Vacation rentals ; How to leverage relationships -- The first members of your team. The deal finder ; Find high-producing agents ; Agents with a team ; Ways to save time on your search ; An agent and an investor -- my advice to you ; The lender ; Loans for investors ; How to find a lender ; How to reach out to lenders ; Alternative lending options ; The ease of electronic payments ; Supercharging your equity growth, the easy way ; Electronic rent deposits ; Leveraging financing ; Accurately reporting rental income -- The rest of your team. Finding referrals ; What to ask before hiring a property manager ; How to negotiate better terms ; Leveraging your property manager's knowledge ; The contractor -- Understanding your market. Tracking property values ; What to do when prices are rising ; What to do when prices are dropping ; Investing in down markets, wherever they may be ; Rental rates ; Anticipating rental rate increases ; Following employment trends ; Understanding your tenant pool -- Working with the market. Creating an apples-to-apples comparison ; Understanding return on equity ; Timing the market ; The "headache factor" and opportunity cost ; Improving your portfolio's performance ; Timing your lease renewals correctly ; Cash for keys ; Accept some headaches ; The 1031 like-kind exchange -- Managing out-of-state properties. Give your contractor incentive and maximize your results ; Create accountability through paying a bonus ; Creating accountability through advertising ; Paying for materials yourself ; Adding value by adding your own time ; Using your contractor's house accounts to save you money ; How to manage paying your contractor ; How to pay your contractor ; The partnership mentality -- Finding materials. R & D (rip off and duplicate) ; Finding design inspiration ; Getting samples from your contractor ; When the design idea is formed ; Determining the value of upgrades ; How to "hack" your contractor ; The upgrade hack ; Four simple factors to determine value ; Finance hacking -- Maximize ROI. Big lots equal big opportunity ; Buying bad houses in nice areas -- Tricks to find more deals out of state. Real estate owned ; Short sales ; NOD ; Half-finished houses ; Leveraging the listing agent ; Paying your real estate agent a bonus -- The long-distance investor