Long distance investing can seem like a real challenge, which is probably how you stumbled across this blog post. Luckily, I’m here to give you a couple tips on how to get started.

Long distance real estate investing is something we’ve been talking about for a long time. It’s something we love. And that’s one of the reasons why you’re here. Hopefully there are many others, but the foundation of this blog is long distance investing. How can you have more confidence and be more comfortable investing beyond your backyard?

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Before you do anything else, it’s important to be extremely clear on why you’re investing long distance. Some days will be a little more difficult than others, so it’s important to know exactly why you want to do this. Once you’re able to pinpoint the reasons, then you’ll be able to set up a strategy to make sure it works for you.

From there, you can then build a solid foundation of education. Spend as much time as you can on educating yourself. Get the basics down, which includes reading through blog posts like this one. Consuming free content is a great place to start.

Once you have that down, then you may want to find one particular individual or company to follow. Maybe they specialize in a type of investing that’s similar to what you’re interested in, whether it’s mobile home parks or storage facilities or multi-family units. Finding this information will help drive out any of those fears you might have and also allow you to better understand your own individual investment philosophy.

When you’re looking at investment, it’s important to be clear on what financial return you’re expecting, as well as any other reasons why you might want to take on a particular project. What else can long distance investing do for you? What type of opportunities do you want to be involved in? Creating a philosophy will ultimately help you accomplish your goals when it comes to long distance investing.

Next, it’s important to take action. And I mean take serious action! Go beyond just looking around on the internet. Pick up your phone or pull up Skype or Zoom, and then connect with real people who may be able to continue your education.

It’s also key to attend in-person events, whether it’s for real estate, a sales boot camp, or any other number of face-to-face events where you can begin to build solid relationships. Maybe they’ll be able to join your team and get you started on your own career. Having a team is absolutely vital when it comes to long distance investing.

These are just some of the ways to get started. I’d love for you to tell me what I’ve missed because this helps our community continuously grow. Please feel free to share your own tips for how to be successful in long distance real estate investing, and let’s all get better at our craft.

If it’s your first time here, I’m going to ask that you please subscribe to the blog, subscribe to our YouTube Channel, like our Facebook FanPage and follow us on our Instagram and Twitter channels. Make sure you listen to The Going Long Podcast where every week you’ll hear me interview the best experts in the real asset investing world.

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If you find value in this post, please like and share it with your friends. By sharing it, you’ll help bring in more like-minded people, which will help the community grow. We’ll be able to share and learn together. Thank you ahead of time for helping us do that.

If you’d like to learn more about how I work a corporate job and have been building my own real estate business on the side, you can simply click HERE for your free eBook. It’ll help you avoid making the same mistakes I did.

That’s my two cents for today. As always, hasta la próxima.

 

You can also check out my latest podcasts and collaborations here keeponcashflow.com/podcasts/