257: But My Market is Too Expensive!” (How to Become a Long-Distance Real Estate Investor) with David Greene

Investing outside of your local market can strike fear into the hearts of even the most savvy real estate investor. But long-distance investing doesn’t need to be extra risky! In fact, today’s guest argues that it might just be the most profitable investing you’ll ever do. Today’s guest, David Greene, a San Francisco real estate investor and agent, shares his incredible process for finding, rehabbing, and managing properties from thousands of miles away. His approach to building a “Core Four” is nothing short of genius and will transform how you run your real estate business, whether you are buying next door or 49 states away. This is one show that could change your real estate strategy forever! In This Episode We Cover:What David’s been up to since the last time he was in the showHow to find the right people to help you find the right propertiesHow to seek out top-notch lendersTips for offering value to people hundreds of miles awayA discussion on whether newbies can invest long distanceThe “Core 4” team members you’ll need when investing in real estate out-of-stateDavid’s thoughts on turnkey companiesHow to overcome the fear of trusting someone you work withAll about David Greene’s new book!And SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets Podcast 169: Using Hustle and Persistence to Build Wealth Through Real Estate with David GreeneBiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of MentorsLong-Distance Real Estate Investing by David GreeneHome on Discovery Bay, CA (House Hunter Episode with David Greene)RentometerBiggerPockets AnalysisBiggerPockets Podcast 248: From Shop Teacher to Multifamily Syndicator with Todd DexheimerBiggerPockets Podcast 227: From Single Family Houses to $130,000,000 in Multifamily with Joe FairlessBiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan MurdockBooks Mentioned in this ShowA Curious Mind by Brian GrazerThe ONE thing by Gary Keller and Jay PapasanThe 4-Hour Workweek Tim FerrissThe Millionaire Real Estate Agent by Gary KellerThe Richest Man in Babylon by George S ClasonPrinciples by Ray DalioFire Round QuestionsOut of town financingFrom NYC to out of state investing HelpHow does investing out of state impact your tax status?Out of state smaller properties?How important is it to have an in-state CPA?Tweetable Topics:“I’m putting a dream team together that runs on autopilot.” (Tweet This!)“The market itself is not quite as important as the success you’ll likely have in that market.” (Tweet This!)“It’s only risky if you’re lazy.” (Tweet This!)“You’re not going to make money right away when you start first doing anything new. It’s only going to be what you learn that will make money later.” (Tweet This!)Connect with DavidDavid’s BiggerPockets ProfileDavid’s Facebook ProfileDavid’s Company WebsiteDavid’s Personal Website