Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties
R**E
Excellent Resource!!
This book is excellent! Very well written and easy to understand for someone brand new to the real estate world!
A**H
Very, very good book! Roadmap for success.
David did an amazing job with this book. I would say that, before reading this book, the idea or concept of owning investment properties outside of my immediate jurisdiction seemed as crazy as owning investment properties outside my immediate jurisdiction... meaning, completely counterintuitive. This book contains not just theory, but common sense and David's actual experiences. Most importantly: guidelines and rules of thumb born from decades of hard won lessons in the industry. This is one the best books on investing I've ever read, and most highly recommended. His personal stories were very humanizing, and proof it can be done - by anyone.I found this book by listening to the bigger pockets podcast, so if you're reading this without having listened to that podcast, go look it up! Great stuff. David Greene is the guru of real estate investing, par excellence - no need to climb the mountain for this guru, just open Spotify. He's also on IG @davidgreene24Great book!
M**S
Great Book
David is an amazing investor, I avidly listen to the bigger pockets podcast and this book is great book that covers a tone of great information. If you are going to be investing outside your local area you NEED to read this book.
P**L
Good and useful information
I enjoyed this book. Listened to it on audible first then ordered the hard copy to have access to some of the tools and tips he describes. My only complaint is that the author writes way too much on topics that need little introduction. For instance, he’s got a whole section describing the wonders of the “Smart Phone” and how it helps him make real estate deals. Perhaps he wrote the book in 1990, but I’m sure he could have saved the ink and writers cramp on some that. I did find myself hitting the skip button frequently. But, a useful book nonetheless. I do recommend it.
B**K
Long Distance or Not, This is an Essential Primer in Rental Property Investing
This was actually the first book I ever read on rental property investing, which ultimately piqued my interest so much, I went on to read 6 more and counting.David has a knack for breaking down the process of rental property investing into these teeny, tiny manageable bites that just make it so easy for ANYONE to get started. I bought my first rental property after completing this book and have not looked back, since buying 3 more units.This is an essential read for anyone interested in rental property investing, period, and shouldn't simply be reserved for those looking to do so long-distance.The processes David describes for Long Distance are super applicable anywhere. Why? Because investing someplace that isn't nearby forces you to implement systems, and those systems work everywhere, and I'd argue make you an even better investor than DIY'ing this part over here and that piece over there, just because the property is close-by and "you can".If you are remotely considering rental property investing, you will not regret reading this.
A**R
Informative while honest
Informative while Honest, David does such a fantastic job showing the reader the ease that can come working with long distance real estate.
A**R
Add it to your library!
I learned about David Greene and his book, Long-Distance Real Estate Investing, from the BiggerPocket’s podcast. The podcast’s title (of the same name as Greene’s book) immediately caught my attention. Like the author, I also live in the completely unaffordable Bay Area, and although I sell to my clients in the area, I cannot buy there myself. As a strict believer in the old “buy in your backyard” adage, it never seriously crossed my mind that it was an option. In fact, I tuned in to the podcast as a skeptic. After listening to the podcast and hearing Greene’s unique ideas (and unique ideas can be hard to come by in the world of real estate!), I immediately purchased his book.Greene’s book has a conversational tone and is bursting with original and specific ideas. I found myself taking a highlighter to nearly every bit of ink on the pages. A problem I find with many real estate investing books is that they are too vague and conceptional to be practical. Greene lays out his brilliant ideas (hello, Core Four!) with actionable solutions. Greene turns every stone over in his book, from large idea concepts like down markets to little (but crucial) tips like the best apps to have on your smartphone.This book is an instant investor classic for first time buyer or savvy investor. Add it to your library!
R**M
A Ton of Valuable Info
So, this book was more than I expected it to be - a pleasant surprise. At almost 300 pages, the read is quicker than I expected as well. Admittedly, I skipped some of the motivational stories in the beginning, not that I have an aversion to inspiration, I was just anxious to see if there was any meat on this bone. Again, I was pleasantly surprised. Greene gives very detailed (but not laborious) information on the methods he uses to vet deals and “employees”, including sample letters for emailing potential agents and banks. He lists questions that investors will want to ask property managers, websites and apps for maximizing technological advantages, researching contractors, ways to better understand your investment market, calculating rental rates... and I’m just literally scratching the surface. So, a LOT of valuable information. If you are a seasoned investor with several deals under your belt, some of this information will be common knowledge to you already, but I still feel like the book is worth the small investment for the treatment of his main premise alone - that the best deals may not be in your back yard. Greene gives you the steps to find those deals and the means to manage them without ever leaving your home town. If you’re just getting started in real estate investing, get your hands on this book - “gurus” have been known charge thousands for less information than you can have here for under $20.
C**E
Tactical Step-by-step
This was an amazing read. Not only was the book packed full of actionable steps needed for someone looking to invest out of state/country, the stories and examples David shares from past deals gave me a better understanding of the various strategies and my overall retention of the material was drastically elevated. I recommend this book, along with a note pad, highlighter, and sticky notes, for anyone looking to start their long distance real estate business. As a follow up to this book, I have started the BRRRR (buy, rehab, rent, refi, repeat) book. This will be the strategy I deploy out of state. You can also grab this book on amazon. If the deals doesn't make sense in your market, break down the barrier and invest in another market. Thanks David
L**O
I love it
Thank you David for this amazing book. A real open horizons book. I love it.Best regards from Quebec, Canada.Leo
F**T
,this book sumerized a lot of wath they talk about with clarity.
Opening minds about fears and inner story who stop you from progressings in your real estates path
S**G
Thanks for paving the way for new and struggling investors!
I am enjoying the book quite a bit so far. For a while I believed that it was just a lot harder to invest in Canada than the United States because of the housing prices in larger cities. After hearing about the book a number of times on the Bigger Pockets podcast I decided to do a serious search of the smaller cities in my Province, and I found that there were good deals to be found. Obviously it's quite daunting for a beginner to think about investing from a distance, so I picked up this book to learn all I can, and it has not disappointed. The biggest impact it's had so far is that it's given me confidence- not only is long distance investing doable, but if you put in the work and implement the correct systems there's nothing to be afraid of.
X**I
Amazing book for both distant investment or local ones
I'm surprised by how helpful it is for even local investment decisions.
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