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

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

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What’s the best way to invest in real estate when the numbers don’t make sense in your backyard? Today on the BiggerPockets Podcast, we sit down with Bob Malecki, a real estate investor who started by purchasing local rental properties but quickly shifted gears into two other niches: out of state rentals and mortgage notes. 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!

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This Show Sponsored By

We just waRealtySharesnted to give a shout out to our podcast sponsor on today’s show: RealtyShares. RealtyShares is a crowdfunding platform that allows you to invest in professionally managed properties without leaving your living room!

Learn more by visiting RealtyShares.com/biggerpockets!

Fire Round Sponsor

patchoflandWe just wanted to give a shout out to our podcast sponsor on today’s show: Patch of Land. Patch of Land is a Peer-to-Real-Estate (“P2RE”) lending marketplace that matches accredited and institutional investors seeking high-yield, short-term, asset-collateralized investments to borrowers seeking more timely and consistent sources of funding for rehabbing properties across America.

Learn more by visiting Patch of Land!

In This Episode We Cover:

  • How Bob got started in real estate
  • What a ROTH IRA is
  • What to do when you’ve got a chunk of money to invest
  • How to choose the right turnkey company
  • Thoughts on using leverage to acquire properties
  • Why he decided to transition to notes
  • What exactly non-performing notes are
  • A discussion on notes vs. rentals
  • The risks of investing in notes
  • What you should know about due diligence
  • Where to find notes to invest in
  • The value of building relationships
  • What the future looks like for Bob
  • And SO much more!

Links from the Show

Books Mentioned in this Show

Tweetable Topics:

  • “Nothing in the world is guaranteed.” (Tweet This!)
  • “Assume nothing and document everything.” (Tweet This!)
  • “If you don’t take actions, you can’t take a risk and you won’t make mistakes. Mistakes are necessary.” (Tweet This!)

Connect with Bob

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