Ready to break free from the constraints of your local real estate market? With sky-high prices and limited opportunities holding you back, borderless investing opens the door to profitable properties anywhere in the world. In Episode 55 of the 5-Minute PRIME Podcast, host Martin Maxwell explores David Greene’s game-changing book, “Long-Distance Real Estate Investing” revealing the systems, strategies, and mindset to make borderless investing a wealth-building reality.
Tune in to learn:
- Why Embrace Borderless Investing: Debunk the “invest in your backyard” myth and unlock better markets with higher returns.
- The “Core Four” Team for Borderless Investing: Build a reliable local team—agent, lender, property manager, and contractor—to ensure remote success.
- Data-Driven Borderless Investing: Master unfamiliar markets with research and technology, prioritizing data over intuition.
- Managing Remote Rehabs: Practical tips for overseeing renovations and property management from anywhere.
- Key Strategies for Borderless Investing: Leverage proven concepts like the 1% Rule, ROE vs. ROI, and the 1031 Exchange for long-distance deals.
Ready to embrace borderless investing and build a diversified, cash-flowing portfolio without geographical limits? Subscribe now to unlock the blueprint for successful long-distance real estate investing!
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Show Notes: Borderless Investing
Key Takeaways
- Mindset Shift: Stop thinking you must invest locally. Great investments exist all over the country.
- Data Over Emotion: Greene stresses using hard data (price-to-rent ratios, job growth, etc.) over gut feelings.
- Your Core Four Team: Success hinges on a reliable team – Deal Finder, Lender, Property Manager, and Contractor.
- Technology Is a Game-Changer: Tools like Zillow, Rentometer, and video calls allow you to invest confidently from anywhere.
- Systems Are Everything: Standardized processes, frequent communication, and remote-friendly workflows reduce risk.
Action Step:
- Identify one out-of-state market you’re curious about, even if it’s just a name you’ve heard in a forum or article.
- Spend 20 minutes doing basic research on that market using Zillow, Rentometer, and local job and crime data.
- Compare your findings to your local area’s numbers and assess whether the price-to-rent ratio or appreciation potential is stronger.
Mentioned in This Episode
Episodes to Revisit:
- Episode 16: Deep Research Strategies
- Episode 15: Preparation & Planning
- Episode 48: Remote Rehabs
- Episode 49: Rent vs. Buy in High-Cost Areas
- Episode 50: Smart Exit Strategies
Challenge for Today:
- Pick one promising market outside your zip code.
- Research that market for 20 focused minutes.
- Write down 3 things that make it more (or less) attractive than your current area.
