Remote Real Estate Success: Building Wealth While Living Where You Wan
Description
"The fear of change was less than the fear of staying the same. I just wasn't a high income earner, and I was always looking for that other thing that I wanted to do."
— Kristin
What if geography didn't limit your investment opportunities? This episode features a conversation with Kristin, a San Diego-based professional who chose to invest where the numbers make sense rather than where she lives. Starting as a Lifestyles Unlimited member in 2020, Kristin shares her journey from cautious beginner to confident investor managing properties across multiple states.
Living in an expensive coastal market, Kristin made the strategic decision to invest in Kansas City where cash flow opportunities aligned with her goals. Her story demonstrates how busy professionals can build wealth through a combination of passive multifamily investments and active single-family strategies, all while managing properties remotely.
The conversation explores the importance of building local teams, leveraging mentorship, and making strategic decisions that support your lifestyle goals. Whether you're considering your first investment or looking to expand beyond your local market, this episode provides practical insights into remote real estate investing.
What You'll Discover
The mindset shift from fear to confidence in real estate investing - How to move past the fear of the unknown when considering your first investment
Practical approaches to remote property management - Learn strategies for investing in other states while maintaining your current lifestyle
Balancing passive and active investment strategies - Discover how to combine different real estate approaches for portfolio growth
Building teams across different markets - Why successful remote investing depends on local networks and mentorship connections
Key Timestamps
03:30 The Radio Moment - How hearing the right message about making money in any economy shifted everything
08:30 COVID Response Strategy - Why joining during market uncertainty became an advantage rather than obstacle
11:40 From Passive to Active - The decision to transition from multifamily passive investing to single-family active strategies
16:50 Remote Management Systems - Practical approaches to overseeing renovations and tenant placement from across the country
25:30 Network Building - How connecting with other investors creates support systems for remote investing success
FAQs
How do you start investing when local markets don't provide good opportunities?
The conversation explores separating where you live from where you invest, focusing on markets that align with your investment criteria rather than proximity.
What's involved in managing properties from a distance?
Learn about building local teams, using technology for oversight, and leveraging established systems for tenant management and property maintenance.
How do you balance different types of real estate investments?
Discover approaches to combining passive investments with active strategies based on your time availability and involvement preferences.
Ready? Follow the Roadmap Today
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The information and opinions on the Lifestyles Unlimited Real Estate Investor Radio Show are for entertainment purposes only and do not constitute investment advice. Please consult a professional regarding your personal investment needs.
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