Long Distance Investing Wins And Losses

[Joe Moore]

I invest out of state successfully.  I know some members and vehemently against it and have stated that they know many have lost their shirts.  Yet many members continue to go that route.  My take on this those that did lose their shirts investors would have made it probably did not understand what was truly was required to succeed.  For one there was no BP around or they were aware of BP.  My guess is they had BP around as it exist today, more investors would have came through.  To those who have long distance properties, are you succeeding with your properties out of your area especially the c and d properties and how long did it take you to reach cashflow you expected?   Can you tell someone truthfully that out of area can be done successfully.

[J Scott]

Originally posted by @Account Closed:

...ask around for people in other cities who have been around over 10 years and have done at LEAST 500 deals.

In my experience, those who are advertising that they have done 500, 1000, 5000 or however many deals are probably exaggerating and trying to get you to do business with them in some way, shape or form.  I've never met anyone who brags about doing 500+ deals that isn't looking for someone to give them money for something (coaching, turn-key properties, private investors, etc).

Personally, my bar for trust is someone who offers value, not necessarily someone who has done lots of deals (Than Merrill has done hundreds of deals, but I wouldn't pay him for anything).

You continue to mention your mentor who has done 500+ deals (I count about 50+ posts where you've mentioned him in the past two weeks) -- you clearly are trying to hype him.  If he's that interested in sharing his knowledge, why don't you encourage him to join and build a good reputation for himself...as opposed to you just mentioned him in every thread you reply to?

If he really has that level of experience/success, he'd be a valuable asset here.  Makes me wonder why he has you doing his hyping for him?

Not a point I want to argue...I'll let it at that...