How far away are you willing to Invest?
Hi everyone,
I wanted to ask a question about how far away (from their home) people are comfortable investing, and the pros/cons of investing further away, maybe far enough that you cannot drive there for a simple reason.
I have read that people will invest many states away, but I was wondering if this was exceptional, or fairly commonplace.
I bring this question up because I live in a small town, and while I have a nice first property under my belt (6-unit house), there are not many buildings larger for sale in my town. In order to "trade up" I would almost certainly have to go out of my immediate area. I'd imagine hiring a competent onsite manage to be critical in this type of enterprise, but I was hoping to hear about personal experiences from those that are far wiser to this than myself!