I was first introduced to real estate investing in 2015. That was the year my dad and brother and I attended a real estate seminar, where they demonstrated how much money could be made in real estate. We were excited about the possibilities, and we immediately tried to implement the strategies we’d learned near our home in the San Francisco Bay Area. However, the local housing market was so expensive that we couldn’t compete with other investors. Even if we had been able to, it would have been incredibly hard to turn a profit in that kind of market.
That’s when I began looking into investing out of state. I was convinced of two things; 1) my money could go a lot further, which would allow me to grow my portfolio much faster and, 2) the properties that I could buy were going to create positive cash flow. Long story short, my plan to invest in rental properties out of state worked.
In fact, it worked so well that in just three years I was able to transform our family’s initial capital investment of $40,000 into a company with a real estate portfolio that’s now valued at over $10 million! All that money has come from buying distressed properties, fixing them up, renting them out, and then either refinancing them or selling them for profit.
In today’s market, it’s harder than ever to find cash flowing real estate rental properties in your own neighborhood or even in your own state. The housing prices have reached such levels that potential profits--and cash flow--are really getting squeezed.
This guide to investing in cash flowing rental properties contains the information you need to feel comfortable and confident pursuing your real estate investment goals.