Bigger Cash Flow Podcast 077: From Local to Out of State Investing w/ Phil K

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Welcome to the Bigger Cash Flow podcast, where each week, we share tips and tricks on how to grow your monthly cash flow and get out of the rat race. We also interview real estate investors and business owners to gain insight into how you too can reach your goals of financial freedom. For more information on investing, real estate, and increasing your overall cash flow, head on over to biggercashflow.com and check out some of the blog posts.

Episode: 077

Title: From Local to Out of State Investing w/ Phil K

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Show notes:

Today on the show to talk about his out of state real estate experience is Phil! Phil was born and raised in the Northeast - specifically bouncing between Massachusetts and New Hampshire. He is currently living in NH and has been working in the IT field for about 9 years. He first starting his investing journey through stocks in 2011, and eventually moved to real estate in 2019 by closing on his first 4-plex in his local market, then expanding his portfolio out of state to a duplex in Indianapolis in 2020. Phil’s goal is to become financially free through income generating rental properties.

On this episode you'll learn:

  • Phil’s background and how he got started

  • Why Phil chose real asset over other asset classes

  • The importance of networking

  • The power of losing out on your first deal

  • How to avoid analysis paralysis

  • How to go about acquiring your first Out of State investment property

  • Importance of your criteria in deals

  • The key to building relationships

  • Phil’s future goals

Contact Info:

Instagram: instagram.com/kaizenrei