Conrad - long distance investing!

Seattle, Washington
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Conrad - long distance investing!

Conrad Chan
Member since 2025 · 4 posts · 8 votes

Hi all! New to the game here, and just finished reading some notable books that sparked my inspiration to be a part of this!(Rich dad, poor dad was a start). I finished Brandon Turners book on rental property investing and am currently reading David Greene's book for long-distance investing! LD investing will be my goal for the medium term and hope to connect with others that want to own some cash flow properties! Cheers, Conrad

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Nicholas L.Pro Member
Flipper/Rehabber · Pittsburgh · Member since 2018 · 6k+ posts · 5k+ votes
11mo

@Conrad Chan

hello and welcome.  we're happy to help.  it's fine to continue to learn about OOS investing, i'd just urge you to be extremely picky and cautious.  too many investors from HCOL areas like Seattle buy in the midwest solely based on price and then get absolutely crushed by deferred maintenance.

there's also no cash flow right now in LTRs in the short term - none, zero, nada.  it typically takes several years to get a property stabilized, pay yourself back for your closing costs, get some rent increases, etc.  YEARS.  anyone who tells you otherwise is selling something.

I hope this helps.  happy to dialogue further

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  • Ebonie Beaco
    Lender · Chicago, IL · Member since 2025 · 204 posts · 101 votes
    11mo

    Conrad, welcome to the journey! BiggerPockets is the perfect place to connect with experienced, business-savvy investors who can help you shorten the learning curve—especially as you dive into long-distance investing. Keep posting, keep asking questions, and keep engaging… this community is one of the best classrooms you’ll ever have.

    By way of introduction, I’m Ebonie Beaco, NMLS #2389954 — Mortgage Loan Originator, Real Estate Investor, and Business Consultant with 25+ years of experience helping buyers and investors structure smart financing, build cash-flowing portfolios, and scale with confidence. My background also includes marketing, credit strategy, and guiding first-time and seasoned investors through everything from DSCR loans to fix-and-flip funding and long-term rental financing.

    If you ever need help running numbers, understanding loan programs, or planning out financing strategies for long-distance deals, I’d love to be one of your resources as you grow.

    Excited to see where your investing journey takes you!

    0Reply
  • Nicholas L.Pro Member
    Flipper/Rehabber · Pittsburgh · Member since 2018 · 6k+ posts · 5k+ votes
    11mo

    @Conrad Chan

    hello and welcome.  we're happy to help.  it's fine to continue to learn about OOS investing, i'd just urge you to be extremely picky and cautious.  too many investors from HCOL areas like Seattle buy in the midwest solely based on price and then get absolutely crushed by deferred maintenance.

    there's also no cash flow right now in LTRs in the short term - none, zero, nada.  it typically takes several years to get a property stabilized, pay yourself back for your closing costs, get some rent increases, etc.  YEARS.  anyone who tells you otherwise is selling something.

    I hope this helps.  happy to dialogue further

    3Reply
    • Conrad Chan
      OP
      Member since 2025 · 4 posts · 8 votes
      11mo

      @Nicholas L. Thank you for your reply!  I ll definitely keep my eye out and err to the side of caution!  I definitely want to be meticulous and will be sure to try and "scrutinize" every deal i find and come across. 

      0Reply
  • Min ZhangBusiness Member
    Real Estate Agent · Member since 2022 · 1k+ posts · 1k+ votes
    11mo

    Welcome, Conrad! Love that you’re diving into those books since those two were huge for me early on too. Long distance investing is a great path once you build the right systems and people around you, and it sounds like you’re already laying the groundwork. Always cool to meet others aiming for cash flow rentals in the midwest, so feel free to share what you're leaning toward or what questions you’re wrestling with as you keep learning. Excited to see where your journey takes you!

    [email protected]614-412-2912
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    • Conrad Chan
      OP
      Member since 2025 · 4 posts · 8 votes
      11mo

      @Min Zhang thank you!  I am intimidated by gettinf started and I hope to overcome that by equipping myself with knowledge!  Cheers. 

      0Reply
  • Alfath AhmedBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2022 · 1k+ posts · 1k+ votes
    11mo
    Quote from @Conrad Chan:

    Hi all! New to the game here, and just finished reading some notable books that sparked my inspiration to be a part of this!(Rich dad, poor dad was a start). I finished Brandon Turners book on rental property investing and am currently reading David Greene's book for long-distance investing! LD investing will be my goal for the medium term and hope to connect with others that want to own some cash flow properties! Cheers, Conrad


    Thats awesome man. You should look into columbus as well. Ton of tech companies are investing here like intel, google, amazon. Good market for cashflow and strong appreciation.

    I've got 28 units here and sold over 120 properties this year to OOS investors here. Reach out if you need help.





    [email protected]614-802-5698
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  • Kerlous TadresBusiness Member
    Realtor · Columbus, OH · Member since 2023 · 1k+ posts · 1k+ votes
    11mo

    Hey @Conrad Chan, from my experience, long-distance investing works great once you pick a market and build a small, reliable team. I’d recommend choosing 1–2 cities, studying the rents and job growth, and then underwriting a few deals to get comfortable. If you ever want a second set of eyes on a market or property, feel free to reach out.

    [email protected]614-490-1163
    Kerlous Tadres | Reafco Real Estate542 Reviews
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    2Reply
  • Mike PaolucciBusiness Member
    Realtor · Columbus Cleveland Dayton, OH · Member since 2022 · 504 posts · 556 votes
    11mo
    Quote from @Conrad Chan:

    Hi all! New to the game here, and just finished reading some notable books that sparked my inspiration to be a part of this!(Rich dad, poor dad was a start). I finished Brandon Turners book on rental property investing and am currently reading David Greene's book for long-distance investing! LD investing will be my goal for the medium term and hope to connect with others that want to own some cash flow properties! Cheers, Conrad

    Hey @Conrad Chan, welcome to BP. I got started off the same way back in 2021. I'd recommend making sure you got the basics down and get good at running your numbers. That's the most critical part of being successful. Next pick a market with good landlord laws, growing population and local economy (make sure you know what is driving the growth as well). 

    OOS investing can be intimidating but it's something you can absolutely do successfully. 

    Happy to answer any questions you might have and share some of my OOS investing experiences & mistakes. Good luck with your search!  

    [email protected]614-892-9184
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  • Jimmy LieuBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2019 · 3k+ posts · 2k+ votes
    10mo
    Quote from @Conrad Chan:

    Hi all! New to the game here, and just finished reading some notable books that sparked my inspiration to be a part of this!(Rich dad, poor dad was a start). I finished Brandon Turners book on rental property investing and am currently reading David Greene's book for long-distance investing! LD investing will be my goal for the medium term and hope to connect with others that want to own some cash flow properties! Cheers, Conrad

    Hey Conrad, welcome to BP! It’s awesome that you’re diving into the books and learning the ropes—reading stuff like Rich Dad, Poor Dad and Brandon Turner’s guides is a great way to get inspired, but the real growth comes when you start taking action and analyzing deals. Since your goal is long-distance investing, I’d definitely suggest looking at Columbus, Ohio as a potential market. I moved here from Portland in 2020 to start investing and now own 10+ rentals, and the market has been incredible for out-of-state investors. Population and job growth are booming, big companies like Intel, Amazon, Google, Honda, Microsoft, and Facebook are expanding here, and you can still find properties in the $120K–180K range that hit the 1% rule and cash flow right away. The appreciation potential is strong too, so you’re not just getting monthly cash flow but building long-term equity, and there’s a solid network of property managers and contractors to help manage things remotely. Happy to connect and answer any questions you have!
    [email protected]614-300-7535
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  • Marc RiceBusiness Member
    Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2018 · 2k+ posts · 1k+ votes
    10mo
    Quote from @Conrad Chan:

    Hi all! New to the game here, and just finished reading some notable books that sparked my inspiration to be a part of this!(Rich dad, poor dad was a start). I finished Brandon Turners book on rental property investing and am currently reading David Greene's book for long-distance investing! LD investing will be my goal for the medium term and hope to connect with others that want to own some cash flow properties! Cheers, Conrad

    Hey Conrad, you should also start looking at some of the markets in Ohio for cash flow. Happy to help you with anything you need
    [email protected]614-363-2787
    Marc Rice | Investor Friendly Agent at Reafco Tailwind Team574 Reviews
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  • Sam McCormackBusiness Member
    Real Estate Agent · Cincinnati, OH/NKY · Member since 2021 · 1k+ posts · 834 votes
    10mo
    Quote from @Conrad Chan:

    Hi all! New to the game here, and just finished reading some notable books that sparked my inspiration to be a part of this!(Rich dad, poor dad was a start). I finished Brandon Turners book on rental property investing and am currently reading David Greene's book for long-distance investing! LD investing will be my goal for the medium term and hope to connect with others that want to own some cash flow properties! Cheers, Conrad


     All 3 books you mentioned so far are books I read in the beginning as well. Love that you are building that foundation to your investing career. The better foundation you built, from wisdom and knowledge, the more you can do and the bigger storms you can withstand. As Solomon says in Proverbs, "Wisdoms begins when you Fear God"!

    [email protected]859-443-4952
    Sam McCormack Realtor
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  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    10mo
    Quote from @Conrad Chan:

    Hi all! New to the game here, and just finished reading some notable books that sparked my inspiration to be a part of this!(Rich dad, poor dad was a start). I finished Brandon Turners book on rental property investing and am currently reading David Greene's book for long-distance investing! LD investing will be my goal for the medium term and hope to connect with others that want to own some cash flow properties! Cheers, Conrad


     Congrats on taking the first step!

    [email protected]614-541-8475Podcast Guest on Show My Job Laid Me Off, So I Replaced My Salary with Rentals
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    0Reply
  • Conrad Chan
    OP
    Member since 2025 · 4 posts · 8 votes
    10mo

    thank you all for some great responses especially for pointing me towards markets like columbus!  I was quite lost in getting know which market I should start researching first. 

    1Reply
  • Camren BerryPro Member
    AZ · Member since 2021 · 86 posts · 14 votes
    10mo

    Welcome, Conrad! Those are great books to start with. You’re definitely setting yourself up the right way. Long-distance investing opens a lot of doors once you dial in your criteria and team.

    If you ever want a second set of eyes on deals or want to see what cash-flow opportunities can look like in solid Midwest/Southeast markets, feel free to reach out. I work with investors who want to build buy-and-hold portfolios with no money down (as long as their credit is strong), so I’m always happy to help newer investors get comfortable running numbers and approaching their first few deals.

    Glad to have you here

    [email protected]480-818-6158
    0Reply
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