Virtual Investing Benefits Week #3

[Greg Helbeck]

Welcome to week #3 of the virtual investing Mini-Series.

Today I want to speak about a MAJOR benefit to doing your investing in other areas outside of your own backyard.

Unlimited markets.

Theoretically, because you are physically not going to be properties your market is essentially Unlimited. Personally, I only invest in two different markets, however, I know some people who invest in 5+ markets and have tremendous success because they understand that the virtual investing game theoretically has no boundaries.

The only real boundary is your systems and your marketing. Because you are never physically at the properties, you just need to make sure that you have good boots on the ground whether that's an employee or a partner.

Here's an example. If you have a very good system in one market, you can take exactly what's working in that market and Test it in another market to see if you can duplicate your success or if there's a slight change in the market that has an impact on that one marketing strategy. The cool thing is that once you have your team on the ground, it's probably just going to require a little bit more of your time on the computer and phone but not physically requiring you to be at that property or that market.

That's something that is super powerful when it comes to virtual investing and truly allows for Geographic freedom and scalability. Now, that is not what I want but I know others who are successfully doing this and absolutely crushing it.

Hope this helps!

We are looking for some passive partners who would be interested in getting involved in some of our rental deals in New York from a passive perspective. If you were ever interested in finding out how you could get involved, feel free to reach out and we can talk about some potential options on working together.