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Welcome! Have You Thought About Investing Outside Your Home State?
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Investing in your own backyard is a great way to get your feet wet and build your real estate portfolio. You know your neighborhood, understand your market, and can easily build a network of experts and partners. However, investing outside your home state, while challenging, offers some really great advantages - and profits, too!
With over a half dozen out-of-state properties in her portfolio, real estate investor Holly Daigle shares her strategies for successfully navigating this complex, yet ultimately rewarding investing path. In her article, "Five Strategies for Successful Long-Distance Real Estate Investing," she explains why it's imperative you build foolproof logistical processes for keeping track of everything.
One key to successfully investing out-of-state is researching emerging markets. No, you don't have to travel extensively - you just need to know how and where to search for information online. In his article, "Using the Internet to Research Emerging Markets," Charles Warnock, Director of Marketing for eNeighborhoods.com, shows you how to find online data to help you make investing decisions about potential markets, towns, and even neighborhoods.
In his boot camps, real estate guru David Lindahl talks about how "fear of zeros" prevents people from investing in large, multiple unit apartment buildings. In this month's, "Nothing Succeeds Like Success" interview, real estate investor Gail McCarthy talks overcoming this fear to close two 100+ unit apartment building deals in Alabama and how her success has helped transform her investing career from single-family properties to commercial real estate.
* Next 37 17 investors only!
In this month's Mortgage Minute, Debbie Siegel explains why, in this tumultuous market, you must completely understand your mortgage program - from the index on which the rate is based to whether or not Fed rate hikes will impact your bottom line.
Best regards,
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Jeremy B. Shapiro
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Sheila Farragher-Gemma
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Co-Founders, ForeclosuresMass.com
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