Read LongDistance Real Estate Investing How to Buy Rehab and Manage OutofState Rental Properties David Greene 9780997584752 Books
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Download As PDF : LongDistance Real Estate Investing How to Buy Rehab and Manage OutofState Rental Properties David Greene 9780997584752 Books
Live where you want, and invest anywhere it makes sense.
“It is a common misperception in real estate investing that you should buy only where you live. David Greene has put that myth to rest… This is a must-read for investors who want to expand their real estate empire nationwide.â€
―David Osborn, bestselling author of Wealth Can’t Wait
Are you interested in real estate investing, but you live in a hot market that is not suited for buy and hold investing? Do you want to take advantage of wealth-building opportunities, but that seems impossible until the next market crash?
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! In his book, real estate investor and police officer David Greene shows you exactly how he's built a multi-million dollar portfolio through buying, managing, and flipping out-of-state properties, often without ever even seeing the properties in person. David shares every tip, trick, and system he has put in place for over twenty rental properties, so you can avoid making mistakes and shorten your learning curve immensely!
What's inside
- How to assemble an all-star team to handle each aspect of a deal from A-Z.
- How to find great deals in any state, regardless of where you live.
- How to rehab a project from thousands of miles away without worry or complication.
- How to speak the language of the agents, contractors, lenders, and property managers you will use.
- How to quickly and easily know which neighborhoods to buy, and which to pass in.
- How to choose the best materials for your rehab projects and pay the least amount of money.
- ...And more!
Don’t let your location dictate your financial freedom. Get the inside scoop to invest―and succeed―anywhere!
Read LongDistance Real Estate Investing How to Buy Rehab and Manage OutofState Rental Properties David Greene 9780997584752 Books
"This book does a great job of covering out-of-state (OOS) real estate investing for rentals and flips. First, the author David breaks through the mental barriers to OOS investing. Why not invest where your money gets the best return? The internet makes it possible to find great deals in markets with good returns and not a ton of competition.
David doesn’t fly out and see homes and hands-on manage rehabs himself. Instead, he’s built systems where he uses trusted (but verified) professionals in his OOS markets – realtors, lenders, property managers, contractors. These professionals independently verify each other’s work and report to him using video technology.
You can read through the table of contents to see that most topics you would want to know about are addressed. Most importantly, David doesn’t discuss these topics in just vague generalities. For example, you want to avoid high crime areas? Check the Trulia crime heat map. What smartphone apps are most helpful? He names some. How to motivate your vendors? Various ways – including paying them bonuses. The details are all here for you to use.
This book is well worth the investment of your time and money, especially considering that you could make or lose thousands of dollars on just one OOS investment."
Product details - Paperback 287 pages
- Publisher BiggerPockets (December 14, 2017)
- Language English
- ISBN-10 0997584750
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LongDistance Real Estate Investing How to Buy Rehab and Manage OutofState Rental Properties David Greene 9780997584752 Books Reviews :
LongDistance Real Estate Investing How to Buy Rehab and Manage OutofState Rental Properties David Greene 9780997584752 Books Reviews
- I want to start by saying that I get very frustrated with books that I’ve paid money for that have clearly been overlooked in the editing department. There were multiple times in the book that I noticed grammatical errors, spelling mistakes, and poorly worded sentences. I’ll do my best to not let those wrong-doings affect my review, but would it kill you to just hit spell check one more time before sending this thing to the printer?
The Good
David Greene has clearly experienced living in a high-priced city and being forced to invest in other parts of the country to make money. He resides in the San Francisco Bay area and started his investing career while being a police officer. That, in itself, is an impressive feat. He mentions in the book a few times that he was a millionaire by thirty, which is definitely something he should be proud of and is definitely an inspiring statement to make.
He attributes 100% of his success to being able to invest in lower priced parts of the U.S. while leaning heavily on his teams in the local areas. He boasts not even needing to see properties and relying almost exclusively on the vendors that he’s created ties with to do his work for him. This is all present state of course, while getting to this period, he points out that he was working 90+ hour weeks to grind his way to success. Everyone who has invested in real estate can certainly empathize with his thoughts as to the work that really goes into investing.
His focus is on two main pieces with each property that he analyzes - He is looking to either create a buy-and-hold property that will continue to be an income stream for him or he looks to flip the house and make a quick bump in capital. Focusing on just these two pieces of work, he has built out an empire in multiple cities, in multiple states, that will likely endure for a long time.
The Bad
Mr Greene isn’t the most concise writer. Frequently I found myself waiting for him to get to the point of what he was going on about. I don’t know if that’s due to the fact that the book is about 300 pages and I just wanted to get to the meat and potatoes of it, or if because the book itself just wasn’t laid out in a cohesive manner. I’ve been reading real estate related literature for probably about 6 years at this point, and I feel like I generally have a good sense of the information that I’m going to receive.
The book had multiple instances where it would introduce a topic and talk about that topic for 4-5 pages, then it would come to a new sub-chapter and talk about the same topic again, as if it was never introduced. My thoughts on this format are simply that David took a long time to actually write the book. Each of his chapters felt as if they were broken up over many different thought processes that didn’t flow together very smoothly. It seemed as if David would write about something, and just as he was getting to the part where he would stop explaining what it is and actually talk about how he used it, he would be onto the next topic.
The biggest piece of this read that I’m missing is the HOW in his topics. He brought a ton of great topics up, but when it came down to analyzing new markets, or value add information, it felt very light.
Why Read
Though I complain about the caliber of the writing and the lack of hard specific details, this book does a phenomenal job of giving a high level overview of what David’s thinking about during his investing career. If you can push through the redundancies of his writing style and the mostly high-level topics, you can definitely learn some tips on observing markets. The book serves as a great jumping off point to then go to BiggerPockets.com and research a topic more, or to jump into Google and just start typing in phrases that he introduces. I would recommend this book for someone who is still thinking about getting their feet wet with real estate and needs some confidence building with actually jumping into an out of state investment, but if you’re already an investor who has done your fair share of research you could stand to skip this one, you might pull some nuggets of information, but for the amount of text that’s here, the book leaves a lot to be desired. - David presents some very good actionable content that has clearly been gleaned from years of being an active Investor.
One major criticism of his book it is about twice as long as it needs to be. He says the bulk of the applicable stuff in the middle chapters. Do yourself a favor and utilize the table of contents to get you directly to the information you need. Avoid reading this book cover to cover. - It is a good book, likely one of the best and most comprehensive in its category. However it relies too much on advertising for biggerpockets site and seems this is the main purpose of the book. Another issue, it would seem that there is some inconsistency about the definition of acceptable risk and using financing. Mostly he encourages buying safe low maintenance houses then talks minimally about maintenance then encourages buying run down houses. I think his strategy changed based on his financial status over the years starting with run down houses that are super cheap them moved up the ladder to lower maintenance houses. Also moved from fully finanaced to buying in cash. However that is not clear in the book. If he rearranges the books somehow then that would be better and less confusing.
- This book does a great job of covering out-of-state (OOS) real estate investing for rentals and flips. First, the author David breaks through the mental barriers to OOS investing. Why not invest where your money gets the best return? The internet makes it possible to find great deals in markets with good returns and not a ton of competition.
David doesn’t fly out and see homes and hands-on manage rehabs himself. Instead, he’s built systems where he uses trusted (but verified) professionals in his OOS markets – realtors, lenders, property managers, contractors. These professionals independently verify each other’s work and report to him using video technology.
You can read through the table of contents to see that most topics you would want to know about are addressed. Most importantly, David doesn’t discuss these topics in just vague generalities. For example, you want to avoid high crime areas? Check the Trulia crime heat map. What smartphone apps are most helpful? He names some. How to motivate your vendors? Various ways – including paying them bonuses. The details are all here for you to use.
This book is well worth the investment of your time and money, especially considering that you could make or lose thousands of dollars on just one OOS investment. - If you are willing and determined to take action, this book has the potential to change your life. David Greene, with this book, gives you enough tools and resources to succeed in real estate investing, specially if you are investing in out-of-state properties. Many of the areas covered by the book included, but were not limited to, how to analyze a deal (current + potential income vs expected and unexpected expenses), differences between price appreciation and positive cash flow (as the book points out, a smart investor can have both), return on investment (ROI) vs return on equity (ROE)... and when is appropriate to use each, and why market downturns should be celebrated instead of feared. Most importantly, the book is phenomenal at explaining how to build your TEAM, who needs to be in the team, how to find these professionals, and how to leverage these relationships. In addition, the book is engaging and entertaining as Mr. Greene adds multiple real-life anecdotes and quotes and shares websites and mobile apps to simplify the process. A must read.
