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

<p>It’s not uncommon for <strong>investors to start out by buying properties in their home markets</strong>. 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"><strong>Dave Meyer</strong></a>, VP of Data and Analytics right here at BiggerPockets, feels.</p><p>Dave is currently living in Europe and has <strong>invested exclusively in Denver</strong>, 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 <strong>phenomenally for appreciation and </strong><a href="https://www.biggerpockets.com/blog/raise-rent-without-losing-tenants" rel="noopener noreferrer" target="_blank"><strong>rent increases</strong></a>. <strong>David Greene</strong>, out-of-state investor and the man who literally <strong>wrote </strong><a href="https://store.biggerpockets.com/products/long-distance-real-estate-investing" rel="noopener noreferrer" target="_blank"><strong>the book on long-distance real estate investing</strong></a> is here to offer some much-needed council.</p><p>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 <strong>clear plans to invest in up-and-coming markets</strong>. David and Dave talk about <a href="https://www.biggerpockets.com/blog/rental-property-cash-flow-analysis" rel="noopener noreferrer" target="_blank"><strong>cash flow</strong></a><strong>, appreciation, wage growth, the investing “spectrum”</strong>, and why so many real estate investors aren’t planning far enoug