Being A Long Distance Investor with Cindy Byler Pt.5

Mar 1, 2021

This episode is part 5 of my conversation with Cindy Byler, the owner of Passive Patriots, LLC. She is a buy-and-hold real estate investor who primarily invests in her hometown-area in Elmira, NY, who currently lives in Central Texas.  So all acquisitions, remodeling, and rentals are managed from over 1600 miles away. If you couldn’t follow this episode, please go back and listen to parts 1 to 4 on episodes 58 to 61.

Let’s jump right into this episode and learn more about adding values to the community, keeping a good renters relation and our personal goals in real estate investing.

 

[00:01 - 10:45] Adding Values and Helping the Community Through Real Estate

• Nathan shares his story of helping people through real estate.
• Giving the best that you can in their price point
• Cindy talks about adding value to the community, especially for people who need places to live.
• The issues on the standard of living condition.
• Cindy shares her experience in trying to fix a foundation issue in a property. 
• • It’s a bit of a gamble to know what’s going to happen in the process and the domino effect.

 

[10:46 - 15:10] Renters Relation 

• Cindy talks about her career vision in real estate and also her portfolio.
• • Passive investment and syndication 
• Cindy shares her opinion of being an active investor, 1600 miles away.
• Nathan talks about keeping a good relationship with his renters.
• • Keep it professional but still flexible. 
  • Making sure everything documented 
  • He uses the Cozy payment method.

 

[18:46 - 25:07] The Why Factor Behind

• The Infinite banking concept 
• The home equity line of credit
• We share our personal goals and why we went into real estate investing.
• I share my life story and why real estate means so much to me.
• Final words from Cindy, Nathan, and me.

 

Tweetable Quotes:

“Giving the best that you can in their price point.”- Cindy Byler.

“It is always a bit of a gamble to fix a foundation issue in a property..”- Cindy Byler.

“Some people need places to live, but they don't always have control of the kind of place that can live in it.”- Cindy Byler.

 

You can connect with Cindy on Linkedin.

 

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