Specialist · Long Beach, CA · Member since 2011 · 875 posts · 394 votes
8y
The paperback book is available on Amazon for $17. How come BP is selling for for $24.99? And the Kindle is only $10 on Amazon. Any difference between these?
Specialist · Long Beach, CA · Member since 2011 · 875 posts · 394 votes
8y
The paperback book is available on Amazon for $17. How come BP is selling for for $24.99? And the Kindle is only $10 on Amazon. Any difference between these?
Investor · Vancouver, WA · Member since 2012 · 15 posts · 10 votes
8y
I think if you are willing to travel 2-4 times a year to check up on these places and your team you will be in good shape. Too many people entrust their money to someone else and it is out of sight out of mind until something goes wrong and then its too late. I think investing out of market is ok, just stay close. Can you get there within a few hours by car or by airplane?
General Manager, Publishing at BiggerPockets · Denver, CO · Member since 2017 · 459 posts · 642 votes
8y
@Phil Harris , if you read David's book you'll find out all the reasons why you don't need to be within a few hours of your properties! He's built an entire business with fool-proof systems in place. If you get the book you'll get access to a webinar where he'll walk you through his process of buying out-of-state and even across the country
General Manager, Publishing at BiggerPockets · Denver, CO · Member since 2017 · 459 posts · 642 votes
8y
@Aristotle Kumpis Yes! First: Amazon and Kindle orders don't get you the bonus content! You only receive access to two extra videos (over an hour of content) and a special e-book David wrote specifically for our members called "The Frightening Four!" Then: If you buy in the next 10 days you'll get invited to a webinar with David where he'll walk you through his most recent deal and you will be able to ask him questions live! Amazon and Kindle can't promise you that :)
Rental Property Investor · Bronx, NY · Member since 2008 · 144 posts · 64 votes
8y
My goal is to invest out of state in 2018. I have been looking forward for the release of the book. I pre ordered the book can't wait to get the extras can't wait for the webinar oh yeah!!!! Yesterday I bought the Kindle version, CAN NOT WAIT FOR THE BOOK!!!!!
Investor · Suwanee, GA · Member since 2015 · 114 posts · 24 votes
8y
Mixed reactions from investors on out of state investing. Is that because some investors do not have a proper system and process in place ?.
I am an Atlanta base investor looking to invest in multifamily in Chattanooga which is 2 hours from home.
Thoughts ??
Rental Property Investor · Little Rock, AR · Member since 2017 · 8 posts · 12 votes
8y
I currently live in California, and I have 3 single family homes in Arkansas that I bought when I still lived there but held onto when I moved. I've been looking to expand in the Arkansas market from here and this book would be a great help for strategies!
Investor · San Francisco, CA · Member since 2017 · 303 posts · 327 votes
8y
@Moncy Samuel, you probably know that there is not much 100% agreement on anything on this site.
My thoughts:
Disclosure: I have not read/ordered the book. I’ve only listened to the latest podcast with David Greene, but not even to the end yet.
Based on the above, however, I can already conclude (for myself) that David has a good system that he follows. It is clearly - albeit allegedly, as I have not seen any proof of David’s success personally - is working for him. And I think that a system like that should work, because, in a nutshell, a system where “you are helping yourself by helping me,” combined with “checks and balances” between supposedly unrelated parties, is simply perfect. I just wouldn’t bet that it will always work, as people’s interests and loyalties sometimes change. Perhaps David also addresses this in the book.
It appears to me that David has a leg up on many investors, especially new ones. For one, David has likely dealt with enough liars to see them coming from a mile away. For another - perhaps a more important - point, David appears to represent “future business” to all involved parties whom he needs to protect his interests far away. The problem I see for a beginner here is that you’ll need to first “talk the walk.” David clearly (from the podcast, and typically for a cop) has the gift of gab. I do not know how he started in REI before he could “walk” the “future business” line. Perhaps that history is also in his book. Perhaps you should also read Trump - whom I also have not read - for wisdom on this issue.
I am an OOS investor, having also started in the SF Bay Area. I believe that OOS investing can be done successfully (I do not believe that the oversight can be as good as in your own “backyard,” though. Again, I have not read the book.)
If I did not already have a full plate - and liked reading - I would certainly be ordering the book now. I think there is enough wisdom for many of us to justify the cost through either Amazon (thank you, @Aristotle Kumpis,) or via BP for the bonus content - if you need that content.
@Moncy Samuel, I’d love to have all my properties within two hours driving. And if you have good people in place on top of that, you are in great shape.
@Jean Paul, my guess is that the book should be useful for you for the “systems” aspect. I don’t know whether David covers any legal/tax aspects for foreign investors in the US.
