211: Investing in Out-of-State Rentals and Notes with Bob Malecki

<p>What’s the best way to invest in real estate when the numbers don’t make sense in your backyard? Today on the&nbsp;<a href="https://www.biggerpockets.com/podcast" target="_blank">BiggerPockets Podcast</a>, we sit down with&nbsp;<strong>Bob Malecki</strong>, a real estate investor who started by purchasing local rental properties but quickly shifted gears into two other niches:&nbsp;<strong>out of state rentals and mortgage notes</strong>. In this episode, Bob explains why he chose to make the switch and walks listeners through the step-by-step process for getting started investing outside your backyard!</p><p>In This Episode We Cover:</p><ul><li>How Bob got started in&nbsp;<strong>real estate</strong></li><li>What a&nbsp;<strong>ROTH&nbsp;IRA</strong>&nbsp;is</li><li>What to do when you’ve&nbsp;got a&nbsp;<strong>chunk of money</strong>&nbsp;to invest</li><li>How to choose the right&nbsp;<strong>turnkey</strong>&nbsp;company</li><li>Thoughts on using&nbsp;<strong>leverage</strong>&nbsp;to acquire&nbsp;properties</li><li>Why he decided to transition&nbsp;to&nbsp;<strong>notes</strong></li><li>What exactly&nbsp;<strong>non-performing</strong>&nbsp;notes are</li><li>A discussion on&nbsp;<strong>notes vs. rentals</strong></li><li>The&nbsp;<strong>risks</strong>&nbsp;of investing in notes</li><li>What you should know about&nbsp;<strong>due diligence</strong></li><li>Where to&nbsp;<strong>find</strong>&nbsp;notes to invest in</li><li>The value of building&nbsp;<strong>relationships</strong></li><li>What the&nbsp;<strong>future</strong>&nbsp;looks like for Bob</li><li><strong>And SO much more!</strong></li></ul><p>Links from the Show</p><ul><li><a href="http://biggerpockets.com/forums" target="_blank">BiggerPockets Forums</a></li><li><a href="https://www.sunwesttrust.com/" target="_blank">Sunwest Trust Inc.</a></li><li><a href="https://www.biggerpockets.com/forums/70-tax-liens-notes-paper-cash-flows-discussion/topics/371926-notes-funds-for-individual-investors-what-are-the-best-players?page=1#p2357995" targe