Totally Crazy? Keep Renting in High Market, Invest in Low Market
I've been listening to the BP podcast and just finished the one with Ashley Hamilton. This had me questioning if it actually made any sense to invest in a more affordable market than mine. At the same time, keep renting in my marketing. Of course, still keeping my eyes are peeled for a good house hacking opportunity.
Has anyone tried this? If so, would you vote for or against it? Or does anyone just have an opinion about it?
Otherwise, I am wondering if purchasing mobile homes in this high market and renting those out could be a place to start.
In my market a 2/2 condo easily goes for $300k. In other markets, an entire house 3/2 house for $100k. I keep hearing to invest in markets that make sense for you. Agreed, but would it make sense to do this while still paying rent?