242: An Insider’s Guide for Out-of-State Investors with Andrew Kim

The Wake Up Call

Description:

Your WakeUp Call begins when you start to challenge conventional thinking. When you empower yourself to break free from the daily grind. When you choose to design your lifestyle and economy.

Industry experts Paul Thompson and Andrew Kim explore the opportunities and obstacles for investors eyeing single-family rentals across the Sun Belt. With boots on the ground from Dallas to Memphis, Andrew offers hard-won advice for vetting deals, financing purchases, and managing rehabs remotely.

Gain valuable perspective on the pros and cons of multifamily versus single-family assets. Discover Andrew’s “bird method” focused on cash flow over appreciation. Whether you’re looking to break into the Sun Belt or expand your portfolio, this in-depth conversation delivers actionable intelligence.

Key Takeaways:

• Leverage local expertise when evaluating deals to avoid risky assumptions based solely on numbers

• Utilize property management partners’ contractor networks to efficiently complete renovation projects

• Consider DSCR loans for their investor-friendly terms, but understand lenders’ processes vary greatly

• Diversify across both single-family and multifamily assets to minimize vacancies’ portfolio impacts

• Prioritize markets with ongoing population growth and landlord-favorable legislation

• Focus on long-term cash flow over short-term appreciation to build lasting wealth

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About Today’s Guest:

Today, we have Andrew Kim, CEO of SHARE, a startup revolutionizing rental property investment. With a background in real estate and experience assisting institutional investors in acquiring over $7 billion in property, Andrew aims to democratize access to the single-family rental market. SHARE offers an end-to-end service, handling everything from property sourcing to tenant vetting, allowing investors to enjoy passive income without the hassles of traditional landlord responsibilities. Andrew's innovative approach and extensive expertise promise to reshape the real estate investment landscape, and I'm eager to delve into his insights on the industry, startup success, and SHARE's market evaluation strategies.