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12: How to Become an “Overnight” Success in 10 Short Years with David Greene

BiggerPockets Money Podcast

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How to Maximize Your Real Estate Investments

Long distance real estate investing had to buy rehab and manage out of state rental properties. The only reason I can buy that house for the price I'm paying for it is that it won't qualify for conventional financing because it's in such bad shape. So as a cash buyer, immediately I eliminate a 95% of my competition Because only 5% of the investors out there can pay all cash,. And I'm in Florida where 50 grand goes really far. That's a lot of money in Florida. It's nothing in Denver or in California. Now you multiply that times two or three houses a month and consider how much money you're adding to your net worth in your cash flow every year.

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