43 min
Episode 86: How to Invest Out of State Black Real Estate Dialogue
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- Investing
This episode with Mark Higgins was inspiring! The turning point for Mark came in 2020 when he realized that day trading so much was taking time away from his family. He wanted to find an investment that would take less of his time. After doing some research, he decided he wanted to invest out of state. He found roofstock.com and discovered that they would provide an all inclusive service to help him as a new investor.
He purchased 4 properties in St. Louis on Roofstock within 6 months. After buying his first few properties, Mark decided to use a Home Equity Line of Credit (HELOC) to buy more properties. He started taking on more risk by using the BRRR strategy. He was able to find a good team of contractors to help him get his projects done and to find great deals. His plans for the future include buying large apartment complexes. Currently he has 8 doors with more on the way.
In this episode we talk about the BRRR strategy, using Roofstock, the St. Louis market and more.
How to find him
IG- @markboson
Highlights
1) Get started with the information you have. Your strategy may not always remain the same, but getting started will expose you to more possibilities.
2) BRRR is a great strategy but you must know what you're doing. You need a great team of contractors, wholesalers, realtors, banks etc.
3) Don't waste your contractor's time. Make sure you know your criteria so you're not having them give you estimates for properties you don't want to buy. Don't nickel and dime good contractors.
Access all of our resources on our website- https://www.blackrealestatedialogue.com/links
Join the B.R.E.D. Real Estate Investing Community for $1- https://www.outofstatemoney.com/community-opt-in
Learn how to invest out of state- https://www.outofstatemoney.com/opt-in
Advertising Inquiries: https://redcircle.com/brands
Privacy & Opt-Out: https://redcircle.com/privacy
This episode with Mark Higgins was inspiring! The turning point for Mark came in 2020 when he realized that day trading so much was taking time away from his family. He wanted to find an investment that would take less of his time. After doing some research, he decided he wanted to invest out of state. He found roofstock.com and discovered that they would provide an all inclusive service to help him as a new investor.
He purchased 4 properties in St. Louis on Roofstock within 6 months. After buying his first few properties, Mark decided to use a Home Equity Line of Credit (HELOC) to buy more properties. He started taking on more risk by using the BRRR strategy. He was able to find a good team of contractors to help him get his projects done and to find great deals. His plans for the future include buying large apartment complexes. Currently he has 8 doors with more on the way.
In this episode we talk about the BRRR strategy, using Roofstock, the St. Louis market and more.
How to find him
IG- @markboson
Highlights
1) Get started with the information you have. Your strategy may not always remain the same, but getting started will expose you to more possibilities.
2) BRRR is a great strategy but you must know what you're doing. You need a great team of contractors, wholesalers, realtors, banks etc.
3) Don't waste your contractor's time. Make sure you know your criteria so you're not having them give you estimates for properties you don't want to buy. Don't nickel and dime good contractors.
Access all of our resources on our website- https://www.blackrealestatedialogue.com/links
Join the B.R.E.D. Real Estate Investing Community for $1- https://www.outofstatemoney.com/community-opt-in
Learn how to invest out of state- https://www.outofstatemoney.com/opt-in
Advertising Inquiries: https://redcircle.com/brands
Privacy & Opt-Out: https://redcircle.com/privacy
43 min