Buying rentals in other states with Beau Eckstein is an interview where Beau discusses the power of going into multiple markets that have different price point properties that are better for a cash flow investor. Beau was on the TV show “Flip It to Win It” and has been flipping high-end properties in California for many years but has shifted his focus lately to owner financing and renting out small properties in the midwest and is now more focused on monthly cash flow. He shares in today's podcast what he has learned by changing strategies.

 

Beau Eckstein - 925 852 8261

                            www.getloanquote.com

 

Show Notes :

 

00:00 – 01:25   Introduction

 

01:25 – 07:30   Beau real estate background and plans for future

 

07:30 – 12:30   Thoughts about future market crash

•         Importance of roadmaps, planning, and learning

 

12:30 – 19:50   Vision board

•         “The Miracle Morning: The 6 Habits That Will Transform Your Life Before 8 AM” by Hal Elrod

 

19:50 – 27:00   Importance of exercise and physical health

 

27:00 – 36:30   How Beau decided to branch out across contrary and how to do that?

•         Invest time, unless you want to buy turnkey property
•         Choose one or two markets
•         Start networking
•         Financing properties

 

36:30 – 39:35   Hard money lending

•         Business credit

 

39:35 – 46:06   Loans from banks in small markets

•         Beau take on borrowing money for cheaper properties

 

46:06 – 51:57   Credit cards and credit game

•         Personal credit cards and business credit cards
•         Have reserves
•         How often do you need to ask for credit increase?

 

51:57 – 53:25   Contact information

 

53:25 – 55:55   How to review properties in far away markets