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How Smart Real Estate Investors Expand Into New Markets
Manage episode 489232023 series 3363511
In this episode of Uncontested Investing, we’re diving deep into how real estate investors can navigate market cycles and decide when and where to buy. We’re breaking down the nuances of local vs. national investing, the right timing to enter a market, and how to build reliable partnerships to grow confidently, whether in your own backyard or across state lines.
If you’ve ever asked, “Is now a good time to buy?” or “Should I go beyond my local market?”, this conversation is your compass.
Expect hands-on strategies, practical tips, and real talk about how to reduce risk and scale smart.
Key Talking Points of the Episode
00:00 Introduction 00:42 When is the best time to buy real estate? 01:20 Market phases: recovery, recession, expansion 02:06 Renovation, return strategies, and cash planning 03:08 Setting your buy box & knowing your numbers 05:03 The importance of strong local contractor & lender relationships 06:30 Negotiation leverage & properties returning to market 09:16 Local market vs out-of-state: What to know before expanding 10:03 Partnering with local employers to find tenant demand 13:56 The downsides of local investing: bias and limited diversification 16:01 National investing: flexibility, affordability, and broader opportunity 17:19 The importance of diversifying your investments 18:09 Migration trends and identifying hidden market potential 19:19 Building a network that can help you grow into different markets 20:12 Property management across state lines: pros and cons 22:30 Connecting with local chambers of commerce 23:40 Choosing your strategy: hands-on vs. hands-off 25:12 Is your current market aligned with your goals? 27:01 The power of partnerships & scaling with other investors 28:01 Myth busting: Risk, visibility, and the local advantage 30:31 Evolving your strategy over time
Quotables
“Every market is not created equally. What works in Connecticut might not work in California.”
“You don’t always need to see the property in person. Virtual closings are here, and they’re working.”
“Diversification isn’t just about assets—it’s about geography, strategy, and who’s on your team.”
Links
RCN Capital
https://www.rcncapital.com/podcast
https://www.instagram.com/rcn_capital/
REI INK
155 episodes
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