Buying Out-of-State Properties. If you’re into “buy and hold” strategies, then the smartest thing you can do right now is to buy out-of-state. After all, why buy one house in Los Angeles for $800,000 (with negative cash flow), when you can buy eight $100,000 houses in another state and enjoy positive cash flow. And why deal with landlord headaches when you can use “turnkey” companies to manage these properties. The marvelous thing about turnkey companies is that they do everything for you. The find and buy the house, renovate it at their cost, rent it to a qualified tenant, sell the house to you below market, manage the property, and then send you a check every month. Won’t you love receiving checks every month? This is the most exciting cash flow strategy ever! And the expert in this field is Kathy Fettke.
November’s Guest Speaker. Our guest speaker for November is Kathy Fettke, President of Real Wealth Network and the author of “Retire Rich with Rentals.” If you recognize her, it is probably because she is a frequent guest on CNN, CNBC, Fox News, NPR, and CBS MarketWatch. Kathy is an expert at buying properties out-of-state. She will show you how to analyze cities to invest in based upon dynamic job and population growth, along with affordability, landlord-friendly laws, renter desirability, and positive cash flow. She will then identify the most respected turnkey operations in those cities to work with. Kathy will be speaking about this exciting world. Don’t miss Kathy’s presentation!
Date & Time: Thursday night, November 14, 2024, 6:30 to 9:30 pm.
Location: Iman Cultural Center, 3376 Motor Avenue, LA 90034 (between National and Palms).
Free Admission: Admission to our meetings is always FREE (complimentary), but reservations are recommended.
Parking: There is free and metered street parking. There are also two free parking lots: (1) northeast corner of Motor and National, and (2) northeast corner of Motor and Palms. Both parking lots are less than 2 blocks away. There will also be limited valet parking at the Iman (if you arrive early enough).
RSVP: To register, please go to www.LaRealEstateInvestors.com.
Los Angeles County Real Estate Investors Association (“LAC-REIA”). Founded in 1996, LAC-REIA is the oldest and largest investor group in California. Our Association helps people invest in real estate by offering (1) education, (2) networking, (3) workshops, and (4) mentoring. If you need help with any of our services, please contact us at 310-792-6404.
