Investing in Real Estate from Over 6,000 Miles Away | PREI 102

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PREI 102 | Long Distance Real Estate Investing

How do you invest in real estate essentially as a solopreneur from over 6,000 miles away? Billy Keels is an international real estate entrepreneur, author, coach, and mentor. He sees opportunities where others often don’t in real estate. One thing that makes Billy interesting is that he works full-time for a Fortune 500 company in Barcelona, Spain, yet invests in US real estate from over 6,000 miles away. Billy talks about how he got started in long distance real estate investing, why he’s doing what he’s doing, how he’s doing it, what’s important to him, and what his challenges had been.

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Just when you thought you had the record for the longest distance in purchasing real estate property from California to Florida, investing over 2,600 miles away, someone comes along and beats that record and not buy a little but buy a lot, in fact more than double. In fact, my guest has been purchasing investment real estate here in the United States from over 6,000 miles away because he’s in Spain and he’s an interesting character; a younger guy with a family but he’s got a full-time career with a Fortune 500 company. Yet he is a real estate entrepreneur and an investor. He came onto my radar and I thought, “This is an interesting story.” How do you invest in real estate as essentially a solopreneur from over 6,000 miles away? I wanted to ask him some questions to get into his head as to how he got started, why he’s doing what he’s doing, how he’s doing it, what’s important to him and what his challenges had been? Some of that plays into what we all experienced and what we all do. An interesting guy, his name is Billy and we’re going to talk to him here.

If you missed our last episode, be sure to listen to Top 10 Things Real Estate Investors Need To Know To Protect Their Assets with Scott Smith.

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Investing in Real Estate from Over 6,000 Miles Away

It’s my pleasure to welcome, Billy Keels. Billy is an international real estate entrepreneur, an author, coach and a mentor. He sees opportunities where others don’t in real estate. The one thing that makes Billy interesting is that he works full-time for a Fortune 500 company in Barcelona, Spain, yet he invests in US real estate from over 6,000 miles away. Billy, welcome to the show.

Marco, thanks so much. I’m looking forward to the conversation.

I’m looking forward to it too because you’re an interesting investor. I want to call you a character because you do so many things, you speak so many languages. I want to start by learning a little bit about you and have our audience learn a little bit about you because we’re going to talk about some interesting stuff. Tell us how you ended up in Spain of all places. Let’s start there.

The short answer is love. I’m a guy from Columbus, Ohio. I moved around the US most of my younger life. I went to college in the Southwest of Ohio and after that I had a chance to work for a pretty amazing company that allowed me to work and travel throughout some 58 different countries in five years. After that, I didn’t see myself going back to a normal 9 to 5. I was very fortunate enough to be accepted at a university in Paris. I moved to Paris. I went and learned how to speak French, danced Salsa and also learned more about wines. That was supposed to be a one-year sabbatical. I enjoyed it so much that I was fortunate enough to begin working at a different Fortune 500 but I left Paris, moved to Montpellier down in the South of France. I lived in Italy to build a sales team. I went back to France. I met a beautiful little Spanish woman. One thing led to the next. I left Montpellier, I came to Barcelona, Spain, have been married and have two wonderful children. That is how a guy from the Midwest ends up in Barcelona, Spain.

You speak five languages, what are they again? Italian, English and what?

I try to speak English as much as I can. The British friends tell me I speak American. English, Spanish, French, Italian and Catalan, which is the language that is spoken here in this region of Spain.

You’re a real estate investor investing in the US from 6,000 miles away, which is interesting because we get clients from different countries from time to time from Canada to Australia to Japan. What’s interesting about you is you’re a US citizen, living abroad, investing and building a portfolio here in the US and you’re doing this all remotely essentially by yourself. How did you get started in real estate investing? Let’s start with that. I’m going to build on that.

I got into real estate investing, Marco, I wish I could say it was a great reason why, but it started from me being frustrated because everything that I had done prior to investing in real estate was pretty much investing blindly in mutual funds, stock market and 401(k). In 2000, my portfolio took a hit I remember and I hang it out, write it out and just keep the diversification and stuff like that going on. That was okay until a little bit after 2008 and my portfolio took I think it was 33% or 34% dive and I got frustrated. I was like, “I don’t want to keep going through this.” I felt like I was doing all the right things but I was completely out of control of my investing or my financial life.

PREI 102 | Long Distance Real Estate Investing
Long Distance Real Estate Investing: It is a great time to be able to provide value into the marketplace without a doubt.

I picked up a little purple book and read Rich Dad Poor Dad and that changed my life. I felt like this was a way for me to start to have more control, move into a new asset class and everything that was in that book completely made sense. Initially I wanted to invest here in Barcelona, but all the things that I’d read in the book, it was difficult to apply them from a capital standpoint, for money-wise. Then I looked at buying parking spaces here because that’s something that is pretty similar like in New York City or in LA where you can buy a parking spot and rent it out monthly. Then somebody said, “Billy, you’re an American citizen. Why don’t you buy back in the United States?” One thing led to the next and I looked into doing that. That was what made sense for me and my context was to invest over 6,000 miles away in real estate to take away that pain and give me better control over creating passive income.

Just out of curiosity, do they have financing for real estate in these foreign countries that you’re visiting like Barcelona, Spain and other places?

Yes, they do. The requirements are pretty stringent, but they do have financing opportunities. A lot of them tend to be more like adjustable or variable rate type of opportunities versus something that’s fixed rate. They definitely do exist.

Billy, some people say that timing is everything as it applies to most things in life and I certainly feel that way about local markets. We’re talking about the United States. The US is such a large geographic area. It’s made up of over 400 Metropolitan Statistical Areas or MSAs as they call them. The whole thing about timing and local markets is looking at timing from a technical level. We have a lot of people who listen to the show that are getting started or they haven’t even started or they’ve reached a plateau and they want to break out of that. They want to build a larger portfolio. On a personal and psychological level, when do you think someone should be buying rental property?

What comes to the gut is they should probably buy it before they’re ready. At the same time, they should buy when they are I wouldn’t say comfortable and begin the path of being educated. I guess that’s also because I’m a bit more of a conservative type of investor. At least once you start on your path to education and understanding what is available, it will help you to understand not only when is the right time, but also where is the right place and who are the right team members to help you in your path to creating this new income stream or passive income or getting you closer to whatever dream it is that you have.

I like to think that anytime and all the time is the right time. It’s a matter of what you’re investing in and where you’re investing. It’s a matter of location and opportunity. Not so much anything else, but there’s the psychological element. That’s the big thing that that I’m touching on. You see trends. I know that you’ve talked about this before. You have to look around and look at what are millennials doing and what is the price of homes? Where is that trend headed? Do you have any comment about that?

It is one of those things I was talking. If you look back in the ‘60s, there were rental rates that were somewhere in the 21% or 22% range and when you look at it now, there are more than 40% of homes are renting or the rental population. You mentioned the millennials. The millennials, one of the things that we see that there’s a tendency that they enjoy having freedom of mobility. To lockdown in a particular place for a longer period of time is something that for real estate investors is a trend as well. That’s very positive that it helps us to provide what this new generation is looking for. Also, it’s going along what the trends are and the trends are more and more renters. It provides an opportunity for us to provide value for the marketplace.

Essentially, we’re becoming a renter’s nation and the demand for housing is increasing and at the same time, we’re not keeping pace with the increase in the population. The demand for housing is growing for two reasons. One, fewer people are buying, more people are renting, but we also have a larger population that needs to find a place to live. We have this perfect storm for ourselves, don’t we?

We absolutely do. It comes back to what you’re talking about as well. The timing, it is a great time to be able to provide value into the marketplace without a doubt.

We all know that choosing the right market is very important at a more macro level. It’s what I call the top of the funnel when it comes to our top down approach to real estate investing. Many people start with the property, and I say this because it’s essentially a mistake, but many people start with a property and then maybe look around at the neighborhood and then the city. They work it backwards in my opinion. Let me ask you a couple of questions based on this. What would you say are the main reasons or the biggest reasons for investing long distance?

I would say a couple of thing and I completely agree with what you’re saying. One of the reasons I agree with you, Marco, is because I started that way as well. I looked into the opportunity, “What was the right deal?” Then you realize when you’re far away that you also need to make sure that your residents or your tenants are cared for in the right way, that they need to have the right team around them. That’s something that I also learned along the way and it now helps me because it’s important to be very clear on what is the reason that you are investing? Are you someone who’s looking for capital gains or are you looking for cashflow?

Then looking at whether or not the long distance or why long distance is if you’re looking for something that will help you to get to your goal, your personal goal, which is one of those two things, and you’re able to do it in a way that is controlled, that will help you get to that goal faster, then when you’re aligned with the right team, then the location becomes less relevant. It’s a matter of control and having the right team in place that can help you to get to the goals that you’ve set for yourself, for those around you, and ultimately being able to provide value for the person that you are providing a service to.

Would you say that it ultimately comes down to the returns and the cashflow? Is that at the heart of it for you or is there more to it?

In my personal situation, I would say the returns is something that happens, but now I’ve gone from that position where it’s purely about the returns at to also now being able to see that it can provide a lifestyle. I have also the desire to live between Europe and the US. For me, that’s a real driving force. One of the byproducts of that is by being able to work with a strong team in a location that understands what my goals are, that we’re able to create the returns and by being able to create the returns as a byproduct that allows us to do more and more of that because we’re working with competent professionals and in a specific market. I would say it’s both. Right now the driver is getting towards a goal or a dream and the byproduct is being able to do it in the right way and creating returns that allows us to continue to do that. It creates a flywheel.

PREI 102 | Long Distance Real Estate Investing
Long Distance Real Estate Investing: It’s important to be very clear on what is the reason that you are investing.

Along the theme of my top down approach, what are the top things that you’re looking for? When you’re looking at a market, what are you looking for in order to pick the right market or the best market that meets whatever investment criteria you have in place?

Some of the things that you talked about before, I like to look for positive trends. When we look at positive trends, there are a couple of things that also tend to work in markets that have, let’s say, a certain number of people. 300,000 people and above and then from that I also want to understand the different unemployment rates. If the unemployment rate is low, also types of jobs and job diversification. I like to stay away from a city that is based around one specific type of industry primarily because that puts more risks. Where there are multiple industries, a growing population, net migration is moving in the right direction; meaning that there are more people moving to a particular city than leaving that city.

Diversification, we look at things like universities, students that are there because that also helps to fill the funnel of future tenants or residents. Those are some of the high-level things that we like to look at. The geographic location, I tend to be in a place where the weather is decent and nice and that could be an important criteria for someone who is investing long distance or looking to work with others that are providing a service long distance. Location and climate is something that is also important and something that we look at as well.

I assume you prefer the southern states over the northern states because of the climate and weather?

It’s much more of a positive thing for us. I started in the beginning investing in the Northeast of the US and that was basically because I have family there. I’ve since realized that that’s probably not the best way to place your capital or any other investors’ capital. Now having a clear process on the way that we do things is one of the reasons that we do like the Southeast of the US. One of the reasons is definitely weather.

I know you don’t use our services per se. I’ve only learned more about you in the recent past. We all have our different methods of choosing markets and investing from afar. I’m in Southern California and I’ve invested over 3,000 miles away because it’s on the other side of the country such as Florida and Michigan and other states. How do you go about investing from over 6,000 miles away? What is your process? How do you manage your team? How do you even find your team members? Break it all down because people are wondering how you are investing as essentially a solopreneur in real estate from over 6,000 miles away.

Since we just come onto one another’s radar, we haven’t found the area to work together yet, one of the things I like to say. As it relates to the process and it has been a learning process, Marco. You hit the nail on the head. The process, it’s clear for me now because starting with understanding what is the benefits that I would like real estate to provide for my family and more investors and also for the families that we’re working for and that is focused on cashflow. Once we are clear on cashflow versus capital gains, meaning buying low and selling high, we’re looking for very consistent stable income, and because of the fact that we started there, now it’s a matter of saying, “Now that I know what type of financial return we’re looking for, where are the markets that are more likely to produce those type of simple base hits? Then it’s a matter of looking across the different markets or the different MSAs or the Metropolitan Statistical Areas that you talked about before and looking for those markets. We look at things like we talked about. Is there a positive net migration? Is unemployment low? Is the trend moving in the right direction? Meaning that there’s lower unemployment.

Looking at the different Fortune 500 companies, looking at the different industries and job diversification as we start to look at the specific location that matches with our own individual or personal goal or philosophy. Once we get to the markets, Marco, at this point it’s about being able to know someone who has a relationship in a specific location. If we use a market, let’s say Memphis, we know that there’s someone in Memphis that we already have a relationship with, reach out to our network first and then as we’re working with the network, they hopefully have relationships. It’s my responsibility or it would be anyone’s responsibility to then take those referrals and follow up and have your own vetting process or making sure that the local partner matches with what it is that you want to do, that they understand and that the local partner also understands the tenant or the resident. That’s really important. Then it’s about spending time on the phone or emails. Now with technology, Marco, it makes it so much easier because you can get on a Skype session or a Zoom session and you can meet with people face-to-face through a screen.

Eventually, if the relationship is important enough, and this is one of the things that I’ve done multiple times is you get on a plane. It’s great to be able to leverage relationships through technology, but eventually you want to be able to get face-to-face with someone. Break bread and go and see the operations. They can get a better sense of who you are, etc. I’ve been clear on what their own personal philosophy is. We found the right location that maps into the personal philosophy and then built the team, then afterwards it goes back to one of the things you were talking about before, you find the right properties or the right problems to solve that will help you to get to your financial returns or whatever return that you’re hoping that real estate will provide you. That’s the philosophy that I follow now. I’ve learned by trial and error, but that’s what has helped us in the thought process on being able to invest long distance or outside of the home market. That’s how it started and I would say that it’s worked out well so far. That’s the process.

The majority of people listening to this are investors that are investing out of state. Maybe they’ve invested in the past in their own backyard, but for the most part, a lot of people are investing hundreds of miles away, if not thousands of miles away. We all know that working with the right team is critically important. I talk about this a lot. You have to have the right team and it’s the part that often takes the longest to put together because in the beginning you have to talk to many people and vet those people and maybe do some research on them and talk to some references or get referrals from others. Who do you put on your team and then how do you know when you have the right team member onboard?

One of the things I’ve seen, Marco, that I’ve experienced is number one, being clear on what it is that you’re looking for in terms of a team member. Being very forthright and honest as you make contact with people, especially when you’re looking to do that long distance. It doesn’t necessarily need to be that person. If I’m interested in making sure that I’m working with Marco, it doesn’t necessarily mean that I have to have contact with Marco. It’s a matter of, “Does Marco have the systems in place to be able to help me understand more about the service he provides and the area that he’s invest that system that’s working helped to give me the responses that I need?” At the beginning and the end, there has to be the communication, there has to be the forthrightness.

PREI 102 | Long Distance Real Estate Investing
Long Distance Real Estate Investing: Location and climate is something that is also important and something that we look at as well.

There are going to be times when maybe it’s not a right fit and both parties should be able to say, “It doesn’t fit.” I think about some of the times it’s like any relationship. If you are in a relationship and you like the person in front of you and the person in front of you doesn’t like you, I guess it’s not going to probably be a fit or you’re not putting in the same amount of time or an acceptable amount of time to get to know one another so that you can then have a common goal and work towards that common goal. Sometimes you may want to go into a certain market and the market is red hot and you’re not getting responses. That’s probably going to help you understand that that’s going to be the way that the relationship is built moving forward and you have to be ready as an investor about the type of team that you want to work with. One that doesn’t get back to you or one that does. It can go from there.

It sounds like some of it is gut feel and a lot of it has to do with communication, which if that’s what you’re saying, I fully agree with you because I put a lot of emphasis on communication. It’s one of my pet peeves. At the end of the day, that’s where it starts and you need that throughout the entire relationship. At the end of the day, I’m always measuring people by their performance. How they’re delivering on what they said they would deliver on? Are they fulfilling their promises? I don’t want to sound judgmental, but we all are when it comes to promises and the results that people deliver.

A lot of it is like a relationship. In the beginning, it may not be perfect, but as long as the line of communication is open and both parties are willing to understand and are able to respond, then the chances of success are well-improved, but if there’s no line of communication or the communication is not clear and accepted on both sides, then it’s probably a recipe for disaster.

Who do you put on your team? People are listening and some people are trying to do it on their own or they’re thinking about doing it on their own. They’re not using a full-service partner, whether it’s a syndicator or a company like ours that basically has everything under one roof for them. If someone wants to venture off and do this on their own, who do they need to get and place on their team in order to be successful and do what you’re doing?

We’re assuming that the dream is big enough. I think one of the things, the type of service that you provide, for instance. If someone wants to have nine or ten or maybe fifteen properties in their portfolio, they love what they’re doing during the day and they would like to create a diversified portfolio. Meaning, they’re not just in stock, they’re in real estate as well, I think the type of service that you provide will be excellent. If someone wants to go beyond that and they want to be more of the active investor in real estate and they want to build beyond that, I’d say the first thing is to get someone that can help you internally. Meaning to help you take care of all the things like for instance, just your schedule or things like the book keeping and making sure that you have professional, competent team members, but someone that can help you get the things off your plate that keep you bogged down, so someone who helps you internally.

As you go forward, if you’re looking more in terms of being able to build relationships in a specific market, have someone like an operations director, that can be the bridge between you and whatever at property management company that you’re working with. It’s key in whatever market you’re going to be in, if you want to, once again be the active investor is to have someone who is a company property manager in the area and then have also a couple of layers of acquisition specialists that can help you in terms of being able to bring into your portfolio. As you grow and also the longer the distance is to have someone on your team that can help you also from a legal perspective. Whether you live in California and you want to invest in North Carolina, you want to make sure that you have the right person on your team that understands the law in the area where you own your real estate. That is really, really, really key. Whether it’s being super passive or growing the team that way. Make sure that not just the bookkeeping but can also help you understand the numbers so an accountant or CFO are key team members I would say that you need to have. Especially if the dream is to grow and for you to be the active real estate investor.

I’m sure this question is rolling around people’s minds, but everyone’s always going to ask, “How do I find a deal?” How are you finding your deals or do you have one source? Do you look at multiple sources? How are you searching and finding perspective deals and deal flow?

I know you know this a lot better than I do. When we talk about real opportunities or real deals, the majority of the real deals come through relationships, number one. Being able to build a relationship or a network that understands clearly what your goals and objectives are. I think that’s the best way. It may not bring you the most number of deals, but your close rate is going to be much higher. I say close rate, meaning the number of opportunities or deals that come to you compared to the number that you closed. After you go from just pure relationship-based, I would then say look to your broker network.

If you are specialized and if you’re moving into a market, you may want to look at who is moving in certain circles from a broker perspective. You can also talk to your lawyers, your accountants who are also a part of your team. I guess that goes back to what I was talking about before, your personal network. If you don’t have those things now, there are tools online that you can use. You can look at LoopNet or you can go to Craigslist and ultimately you need to be able to pick up the phone and start to build the relationships. Without a doubt, the highest close rate will be with your closed network that understands you and knows what it is that you’re looking for and the value that you’re trying to bring to a specific location.

I think that’s where most people go is they go to their real estate agents and brokers. I think that’s where they start maybe if they have the right relationship, although it’s highly competitive. There are so many people that are chasing agents, both residential and commercial, that ultimately these agents realize that the person who’s going to be able to do the deal has the funds, has the credit, the capacity to buy. Those are the ones they funnel those pocket listings, if you will, the sweet deals and the pocket listings over to. You’re competing with a lot of people and that’s what makes it challenging trying to work with a real estate agent or broker.

Unless you’re in their good books or other shortlist, you’re typically not going to see deals. Then they resort to the MLS. People search the MLS and there are sprinklings of deals on there, but they’re very hard to find. When they do come up, it’s extremely competitive. Everybody’s chasing it. The old gurus used to say, “You have to submit 100 offers over the course of a week or a month and just pepper people with offers until you find someone who’s willing to take your offer at a deep enough discount where you can create your own deal or you can create the value.” That’s doable, but that’s a hard way to go about it though.

PREI 102 | Long Distance Real Estate Investing
Long Distance Real Estate Investing: Be really clear on why it is you’re doing something.

That’s just one of the challenges and I’m sure there are many other challenges. I’m sure you come up with challenges and you don’t have to necessarily share what your challenges are, but my question to you is how do you overcome challenges? This is maybe a psychological question, but how do you overcome challenges and keep going because I’m sure other people would like to hear how other people breakthrough the challenges that they’re faced when they’re trying to invest in real estate.

I’m comfortable sharing with you. I can think when I got started, there had been times when I’ve wanted to quit. I’m working a demanding corporate job during the day and investing thousands of miles away and have a team that needs direction and things like that. I’d say the biggest thing, and I don’t know if we do enough of this in the beginning, Marco, and people tell us all the time like, “Be really clear on why it is you’re doing something.” You’re going to run out of hours in the day. You’re going to be on flights. You’re going to be on calls late at night. If you want to build this large business, then you need to be able to have something just more than the return.

If you’re looking more for a return and you want to put it in the hands of very competent individuals, then you want to keep ten or fifteen or something like that. I would say, “Go team with someone like Marco and he can help you to sleep very well at night.” I think at the end of the day, we all want to be able to sleep well at night whether we have challenges or not. When you’re doing things from thousands of miles away, it is about being clear on why it is that you want to be able to do something because that is going to help you work through the really difficult times. I think about, “I want my kids to be able to spend more time in the United States and one of the ways that they can do that is me being able to have more flexibility in my own time.”

That helps me get through the nights, sometimes midnight or [spp-timestamp time=”1:00″] AM and we’re still working on structuring a deal or we’ve had an issue that needs my attention back stateside. Being clear on what it is and asking questions and also too, talk to people that have been there in the area that you want to go because they’re going to be able to share with you. As I’ve started meeting more and more people, I’ve learned so much. I’ve been fortunate to ask some of the questions or people will share with me some of the things that are going to happen. I have to remember to keep my mouth shut and listen to what they’re saying and take notes and that will help save from future frustration.

It all begins with why. Why are we doing what we’re doing? If the why is strong enough, you’ll breakthrough all your challenges and you’ll stay focused on what it is you’re trying to achieve. Essentially what you’re talking about is lifestyle design. You want the freedom and flexibility to be able to work and travel and do what you want almost when you want. Some people call that a laptop lifestyle, some people call that remote lifestyle, whatever the case maybe. If that’s what drives you, great. As long as the why is big enough, that big hairy audacious goal, that keeps you motivated and pushing through.

It made me think, Marco. There are so many people that love what they do during the day. Whatever corporate job they’re going to, but they know that there’s something in the back of their mind that they can be doing better. It will take that what I’ve seen before and they don’t want to stop what they’re doing during the day, but they want to be able to have more financial freedom and they don’t want to grow big because they like what they do. One of the challenges that they would have is how do they grow their portfolio? How do they have more resources to be able to do more things or take a trip to Europe?

One of the ways that they could do that is, “If I want to create passive income through real estate, working with someone like Marco, he can help me do what I love doing any way, allow me to keep doing that during the day. I have this challenge, I need to fix it in the evening and I’d love to have ten rental properties, but I don’t want to manage them. I want to work with someone who already knows how to do that and has a network and can help me to work through that challenge.” That’s also another way to look at it, because there are so many different solutions that are around and it’s just a matter of being able to recognize that. I’m sure a lot of the people that are listening now, they listen to you because they know that you can help them to solve their issue and you continue to educate.

The main point that you made is interesting is that there’s more than one way to get to the end goal. You can create a goal of achieving a certain amount of income or cashflow or passive income or the size of portfolio or whatever they may be, but there are different ways to go about doing it. You’re doing it from over 6,000 miles away. If you’re able to do it as essentially a small team or a one-man show, it’s you with a team around you, I don’t see why anybody who has a strong enough desire can’t do it here in the US. I like to think that if you hustle for a short time, you can enjoy life for a long time. I hope this is inspiring for people. The fact that you’re doing this for a number of years now from so far away is proof that anybody that puts their mind to it can do it. Billy, is there anything else you’d like to share with our listeners before we wrap up here?

One of the things that you did mention is it’s just that. I’m a guy from the Midwest of the United States and I wanted to be able to do some things differently for my family. That is it. It’s being consistent. It’s being able to go out and speak to people that know more than I do. Being able to ask them questions and learn and put into practice the things that they’ve taught me. I guess that’s the main thing. I’m just a normal guy so to go out and if you’re thinking about it, continue to get educated and reach out to people and that can help you get to your dream and you can do that in a number of different ways.

PREI 102 | Long Distance Real Estate Investing
Long Distance Real Estate Investing: At the end of the day, we all want to be able to sleep well at night whether we have challenges or not.

Billy, thank you for all your time. Tell our listeners how they can find out more about you or get more information if they want?

I always like to leave it in three flavors. Investing long distances is something I had been doing for awhile. If there’s anyone that would like to pick my brain and ask me a couple questions, they could reach out to me. They can go to a website, it’s bit.ly/SpeakWithBilly. That way we can get on the phone. I can share a little bit more about what I’ve been doing. There’s also two people that you may just want to read a little bit more about long distance investing and they can take some ideas as to some of the different things that I went through. They can download the eBook for free if they go to KeepOnCashflow.com/Grow. For anyone that wants to take a look around the website and see some of the different things and blogs and a couple videos, they can go directly to the website at KeepOnCashflow.com.

Billy, thanks again. Keep up the good work and the investing and let me know how things progressed because I find it fascinating. Maybe I’ll come out to Barcelona and visit you one of these days.

Marco, I’d love to have you join me over here and I appreciate all the things that you continue to do. I appreciate your generosity and for reaching out and continuing to help educate all of us and how we can invest in markets that are not necessarily in our own backyard.

Thank you, Billy. I appreciate that. Thanks for coming on and we’ll talk again soon.

Distance is no longer an obstacle, it is no longer a challenge and no longer an excuse. It doesn’t matter where you live in the world, you can invest in real estate, especially in the United States where we have the laws, financing, tools and systems in place far beyond any other country. If you’re not investing, it’s because you’re either holding yourself back or you’re waiting to build up that cash or credit. Anyway, I appreciate the support and the comments and the reviews you have been leaving. Thank you so much. It helps us to expose the show to more and more people. I am very grateful for that.

If you have any questions about real estate investing, don’t hesitate to contact my team here, speak to one of my investment counselors. They’re happy to help. We will help you with a strategy session or just answer general questions to help you get on the right track and move forward wherever you are in your investing career. If you are new to the show, remember to subscribe. Click that little button on your iPhone or your Android, whatever you have. I appreciate you. We are going to be back next week with another episode. We’ll see you then. Thank you.

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