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#478: If Your City Is Too Expensive to Buy Rentals, Do This Instead
Episode 478

#478: If Your City Is Too Expensive to Buy Rentals, Do This Instead

Real Estate Investing with Coach Carson

March 9, 202651m 48s

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Show Notes

⭐ Get my coaching & community to achieve financial freedom →

https://www.coachcarson.com/rpm-pod-478

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https://www.coachcarson.com/toolkit-pod-478

▶️Next Episode: How One Investor Quit His Job With $100k Rental Cash Flow

EPISODE NOTES:

🎬 Topics Covered:

  • (00:00) - Why invest out of state
  • (00:51) - Choosing out-of-state over local investing
  • (05:28) - Overcoming fears of long-distance investing
  • (07:10) - Picking a market: landing in Southern Indiana
  • (13:56) - Funding deals and unique loan structures
  • (18:41) - Neighborhood classes and low-price opportunities
  • (21:40) - Subject-to-appraisal rehab loans explained
  • (23:45) - Building a remote team and vetting
  • (27:55) - Start simple: avoid heavy rehabs early
  • (31:29) - Lessons learned: patience and zero-down tradeoffs
  • (35:16) – How to find deals long distance
  • (41:24) - Portfolio update and stabilization focus
  • (43:32) - Phases: starter, builder, harvester
  • (47:08) - Short-term goal: funding school costs
  • (51:14) - How One Investor Quit His Job With $100k Rental Cash Flow

🎙️ Episode #478 - If homes in your city cost $2M and don't cash flow, you don't have to quit investing. Learn how investors build rental portfolios in affordable markets, even when they live thousands of miles away.

📄 Show Notes: https://www.coachcarson.com/tooexpensiverentals/

Connect with Ben:

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💵 Need Investor-Friendly Financing?

This is who I trust → https://www.coachcarson.com/bryan

🏠 TurboTenant – Streamline Your Property Management for Free: https://www.coachcarson.com/turbotenant

📱 DealMachine – Software to help you buy more real estate deals: https://www.coachcarson.com/dealmachine-pod