EP #55 Buying Rentals out of State to make Massive Returns Brad Askren Shows Us How its Done

Brad Askren is an out of state rental investor and has actively been in the real estate world for more than 15 years. He has a lot of experience in various business fields such as mortgaging and continues to expand his knowledge on rentals and out of state investing. 

Key takeaways:

Buying rentals out of state is one of the most delicate real estate investing market. In short, buying properties out of state is a very delicate investing market and that’s what Brad focuses on right now. What is the first thing to do when you decide to buy out of state? Brad shares an investor tip on how to successfully start buying your own out of state property. Why does Brad say that starting with turnkey properties are the best investments for a start-up out of state investor? What does Brad’s business look like right now? How does brad virtually manage his properties right now? Prior to the pandemic, Brad focused on both virtual and traditional business structure and thus, invested in building a virtual team to aid in his out of state investments. How does Brad build and manage his virtual team? Why is Brad’s team his most valuable asset? Brad asserts that when you hire individual’s whose goals align with yours, achieving success in that business will be very easy. What mistakes did Brad make the first time he went virtual out of state? Deciding to go virtual depends on the business and it’s partners but, if you choose to go virtual, it is very important to analyse your target market and your potential buyers and fellow investors. Brad and Raul share an advice on why an assistant is the most important individual you can hire on your team. How did Brad’s mistakes inspire him to get to where he is today? What is Brad’s business model as a rental real estate investor? What are some of the popular misconceptions start-up investors face and how does that affects them financially and mentally? Funding a start-up can be challenging and Brad shares tips on how to get funds for your investments. 

Mentioned in this episode:

Are you an investor having a hard time deciding on how to get started with investing in out of state properties? Is the crisis causing you to take drastic actions that may affect your business? Do you want to know how to get started and scale your wholesale business? If you are looking to take the leap and really learn this business online, get started at Wholesale Mastery. 

Connect with Brad:

https://www.instagram.com/investing_outofstate/

https://linktr.ee/investing_outofstate

https://www.instagram.com/midwestturnkey/

 

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