My Monthly Cash Flow Report – November & December 2016

Cash Flow Report

Each month I’ve been providing an inside look into my rental properties out of state. I detail my incomes and expenses as I receive them. With another year in the bag, here’s my cash flow report for months November and December. RP#1 Here’s the roll up cash flow summary for rental property (RP) #1. Here are the highlights: Rents paid minus the usual PITIM (Principal, Interest, Taxes, Insurance, and Management. Received a credit of $205 that I paid back in September since this was really a tenant caused issue. Expensive … continue reading.

Real Estate Market Fundamentals: Local Economy

People ask me all the time why I invest where I do. I don’t live in Kansas City and I don’t have a personal connection there. When I did my research though, I realized that it had strong real estate fundamentals so I looked to build a team there. I always tell people not to pick a real estate market based solely on personal preference or circumstance. Instead pick a market using objective factors that actually impact real estate demand and value. I look at 5 major fundamentals to understand a real … continue reading.

My Monthly Cash Flow Report – October 2016

So I’m a little behind this month in publishing my cash flow report. I know it’s nearly Thanksgiving, but hey, better late then never. Truth is, I’ve been on international travel for about a month now, with another week to go. My day job sent me to the freezing cold of Russia for 3 weeks. A California boy like me had little chance at fighting off the sub-zero temps so I caught a cold pretty quickly. Weeks later, I’m still trying to shake this off. After the business portion of my trip, I’m now in … continue reading.

Invest Where People Move: A Free Population Research Tool

Population Research Tool

Yesterday, I talked about how population research is one of the fist steps to understanding any real estate market. In today’s post, I want to spend a few more minutes sharing a tool I created to level up my population research. If you haven’t read the Investor’s Guide to Population Research, be sure to check it out first. It’s packed with information and resources to get you started. Here’s a brief refresher. The advice real estate investors often hear is to invest in a growing population. Sounds simple. The reality is more complicated. A market can … continue reading.

Interview 2: Rehabbing Out of State With Hybrid Turnkeys

Out of State Investing

Today, I’m so excited to bring you the 2nd of a new series of interview posts! These interviews showcase actual real estate investors who are investing from a distance. They’ll share how they got started, what their current strategy is, and advice for anyone looking to get started, too. I’m happy to bring you Laura Williams, a real estate investor from New York City. I’ve had the pleasure of getting to know Laura this past year since we’ve both been investing in the same out-of-state market. She’s a smart investor with a lot of … continue reading.

Interview 1: How the Right Mindset Got Him Started Investing Out of State

Interview Out of State Investor

Today, I’m so excited to bring you the 1st of a new series of interview posts! These interviews showcase actual real estate investors who are investing from a distance. They’ll share how they got started, what their current strategy is, and advice for anyone looking to get started too.  To kick this series off, I’m pumped to bring you Brian Skinner, a real estate investor from northern California. He writes a lot of insightful articles over on his blog, Rental Mindset. So I’m excited to hear his back story and learn more about how … continue reading.

8 Signs to Look for in a Real Estate Market

8 Signs to Look for in RE Market

In this post, I want to share 8 signs for identifying an out-of-state real estate market to invest in. Truthfully, these are positive signs to identify a good market anywhere, whether local or not. By market, I’m talking about a large metropolitan area like Atlanta, Denver, or Memphis. So the tips in this post will focus on higher level macro factors to help you evaluate a large city. Factors such as school ratings, crime statistics, and other demographics won’t be covered here since they are more relevant to identifying sub-markets (i.e. neighborhoods) within the … continue reading.