It’s not uncommon for investors to start out by buying properties in their home markets. It makes things like <a href="https://www.biggerpockets.com/blog/neighborhood-analysis" rel="noopener noreferrer" target="_blank">neighborhood research</a>, rehabs, and tenant showings so much easier when you’re only a short drive away from your property. That’s how <a href="https://www.instagram.com/thedatadeli/" rel="noopener noreferrer" target="_blank">Dave Meyer</a>, VP of Data and Analytics right here at BiggerPockets, feels.Dave is currently living in Europe and has invested exclusively in Denver, where he used to call home. Now, as an <a href="https://www.biggerpockets.com/blog/the-remote-landlord-how-i-live-overseas-still-manage-my-us-rentals" rel="noopener noreferrer" target="_blank">entirely remote landlord</a>, he’s seen the data on how many markets (like Tampa, Florida) are doing phenomenally for appreciation and <a href="https://www.biggerpockets.com/blog/raise-rent-without-losing-tenants" rel="noopener noreferrer" target="_blank">rent increases</a>. David Greene, out-of-state investor and the man who literally wrote <a href="https://store.biggerpockets.com/products/long-distance-real-estate-investing" rel="noopener noreferrer" target="_blank">the book on long-distance real estate investing</a> is here to offer some much-needed council.With David having the experience as an agent and out-of-state investor and Dave having robust housing data at his disposal, the two come up with some clear plans to invest in up-and-coming markets. David and Dave talk about <a href="https://www.biggerpockets.com/blog/rental-property-cash-flow-analysis" rel="noopener noreferrer" target="_blank">cash flow</a>, appreciation, wage growth, the investing “spectrum”, and why so many real estate investors aren’t planning far enough ahead.In This Episode We Cover:<a href="https://www.biggerpockets.com/blog/2015-07-21-whataes-important-aecf-appreciation" rel="noopener noreferrer" target="_blank">Cash flow vs. appreciation</a> and which one matters most to youDeveloping your investment strategy and picking markets where it worksBalancing the benefits of real estate investing and the investing “spectrum”What makes a market appreciate and cause rents to rise?What to do once you’ve found a great market to invest inQuestions you should ask every <a href="https://www.biggerpockets.com/blog/choose-real-estate-agent-purchasing-out-of-state" rel="noopener noreferrer" target="_blank">out-of-state agent</a> and property managerWhere Dave and David are both looking to investAnd So Much More!Links from the Show<a href="https://www.biggerpockets.com/youtube" rel="noopener noreferrer" target="_blank">BiggerPockets Youtube Channel</a><a href="https://www.bpcon2021.com/" rel="noopener noreferrer" target="_blank">BiggerPockets Conference 2021</a><a href="http://BiggerPockets.com/agents" rel="noopener noreferrer" target="_blank">BiggerPockets Agents Finder</a><a href="https://biggerpockets.com/insights" rel="noopener noreferrer" target="_blank">BiggerPockets Insights</a><a href="https://www.biggerpockets.com/blog/2015-02-05-bp-podcast-108owning-350-million-real-estate-10x-rule-grant-cardone" rel="noopener noreferrer" target="_blank">BiggerPockets Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone</a><a href="https://www.biggerpockets.com/blog/biggerpockets-podcast-250-grant-cardone-multifamily-investing-buy-house" rel="noopener noreferrer" target="_blank">BiggerPockets Podcast 250: Grant Cardone on Multifamily Investing and Why You Should Never Buy a House!</a><a href="https://www.zillow.com/" rel="noopener noreferrer" target="_blank">Zillow</a>Check the full show notes here: https://biggerpockets.com/show515See Privacy Policy at <a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank">https://art19.com/privacy</a> and California Privacy Notice at <a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank">https://art19.com/privacy#do-not-sell-my-info</a>.

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515: Your Step-by-Step Guide to Buying Out-of-State Investment Properties

BiggerPockets Real Estate Podcast