Anyone put David Greene's OOS Investing book to action?

[Kyle Marek]

Like many who have read David Greene's book "Long Distance Real Estate Investing", I am interested in out of state investing for buy and hold rentals for cash flow. I live in California in the East Bay, where housing is extremely expensive, multifamilies are rare, and cash flow is tough to come by.

The point of this post is to ask if anyone else has read this book, and is in a similar situation to me? I'm ready to go into a deal right now, but nervous to venture out on my own. Is there anyone out there who could give me some advice on how they started out of state investing? Anyone who is willing to partner on a deal, or at let me observe their process for a purchase? I'd like to contribute in any way possible to make it mutually beneficial!

[Eric Bilderback]

Thats a great question for the forum I will enjoy following this thread.  I read the book and looked into going out of state but couldn’t do it.  I can find deals in my area where you can get a place to close to the 1% rule (with a ton of work and some luck) and I just can’t justify the risk and stress of going out of area.  

Biggerpockets should come out with an out of country investing book! 

Have you guys checked out the CAP rates in EL Salvador or Afganistan? Build your team people come on!