AIE 129: #WealthWednesday: Out of State AND COUNTRY Real Estate Investing

This week, Stephen Wealthy, Clint Murphy, Tom the Frugal Gay, and Lauren (Adulting Is Easy) brought guest Paul on to tell us about his recent turnkey real estate investment in Ohio. We talked metrics, like the 1% rule and cash on cash return. The group discussed financing, LLCs, down payment, the wire transfer, and cash flow. Paul told us how he's going to use leverage to scale up using a refinance. He told us about building a team long distance. Of course, Tom had a lot to share as well, as he has 7 doors in Dallas and 14 in Toledo, Ohio. And finally, Paul told us about his lessons learned and what he'd do differently next time.

Suggested Book: Long Distance Real Estate Investing by David Greene

Connect:

https://twitter.com/IAmClintMurphy

https://twitter.com/Thefrugalgay11

https://twitter.com/AdultingIsEasy

https://twitter.com/StephenCFU_

https://twitter.com/Brittonnorth

-- Please note that this information is meant to be just that. Please consult your accountant, financial advisor, and other professionals about your specific situation. --