The BetterLife Podcast Live in an Expensive Market? Here's EXACTLY How to Invest Out of State | Don & Janelle Carlson (Ep 157)
Jun 24, 2025
Don and Janelle Carlson, real estate investors focused on wholesaling and flipping in Cincinnati, share their journey of investing in more affordable markets while navigating costly regions. They discuss vital strategies for out-of-state investing, such as building local connections and effective communication. The couple shares cautionary tales from their early ventures, emphasizing the importance of due diligence. They also touch on their charitable work against human trafficking, showcasing how personal and professional lives intertwine in their real estate careers.
AI Snips
Chapters
Books
Transcript
Episode notes
Build and Manage Local Team
- Build a local team including a realtor, contractor, wholesalers, and a property manager if holding rentals.
- Replace team members promptly if they're not performing to maintain business momentum.
Use Multiple Sources to Vet Deals
- Trust wholesalers and contractors to vet deals by sending pictures and videos, including FaceTime walkthroughs.
- Cross-verify property info with your realtor to confirm ARV and neighborhood quality.
Choose Experienced Local Agents
- Always work with high-volume, hyper-local listing agents experienced with investor flips.
- Verify agents' recent listing volume to ensure expertise in your target area and for accurate comps.
