How I FOUND My Rental Home Out-of-State (Pt 1: Real Estate Investment)

This is Part 1 of my series that covers buying a home out of state from end-to-end. I show you my investment expectations, RE search process, tools used, and ROI analysis. I plan to post Pt 2 next week, where I will discuss organizing the real estate team (realtor, property manager).

Background: I bought a townhouse in Florida in July 2020, which increases my passive income by $27,300 a year. This purchase allows me to pay for my dream car and some regular expenses. If you're interested in investing and building up your side income, this video is for you!

Contents:
0:00 Intro
0:35 Investment Expectations
1:14 Finding a Rental Market
2:07 Why I Chose Florida
2:25 REDFIN home search
3:08 Properties with Tenants
3:50 Reviewing a Property
4:35 Calculating "cash-on-cash" return
5:38 Other Considerations (Trulia, Flood Factor)
6:11 Closing

Pt 0: "House Pays For Maserati": https://youtu.be/Hmhz1uL1oSo
Pt 1: "Finding My Rental House": https://youtu.be/SUkS76XSscA
Pt 2: "Negotiate and Search for Realtor/Property Manager": https://youtu.be/_zKqrVyqcO4
Pt 3: "Insurance Search and Home Inspection": https://youtu.be/aMyC8JQR-mA
Pt 4: "Chasing $$$ and Property Mgmt": https://youtu.be/C6S_YmHfzJ4

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DISCLAIMER: Content is for entertainment purposes only and should not be considered official advice. This video and description may contain affiliate links. The content in this video is accurate as of the posting date.

#realestateinvestment #financialfreedom #fatFIRE

Видео How I FOUND My Rental Home Out-of-State (Pt 1: Real Estate Investment) канала EdwardInTX