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#52 Investing in the Midwest with Sam Dolciné
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In this episode of the REI Marketing Secrets podcast, Sam Dolciné, a real estate investor shares his journey into the world of real estate investing. Sam discusses his motivations for entering the market, particularly focusing on out-of-state investments in the Midwest. He provides insights into financing strategies, the importance of cash flow, and the necessity of building a reliable team for managing properties from afar. The conversation also covers common mistakes made by new investors and offers practical advice for those looking to start their real estate journey.
In this episode, we'll cover:
- Investing in the Midwest is primarily driven by affordability and cash flow potential.
- Aiming for properties under $100k can maximize cash flow opportunities.
- Cash flow of $200 or less is not worth the investment effort.
- Building a reliable team is crucial for managing out-of-state properties.
- Vetting property managers is essential to ensure effective management.
- Many new investors make the mistake of trusting too easily.
- Investors should conduct thorough research on neighborhoods before purchasing.
- It’s important to protect your investments by verifying work done by contractors.
- Investing in turnkey properties should be done cautiously, avoiding turnkey companies.
Click here for the show notes from today’s episode: podcastingyou.com/investing-in-the-midwest
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