am i CRAZY? or is this possible
As Ive been reading through some threads what the maximum distance should be for someone to invest in a property, it seems the consensus is no more than an hour. Where I live it is impossible for me to invest anywhere near me with my financial situation and cash and funding available. The average home price is around 400-500k. But what I can say is that I found some nice potential deals that are between two to six hours away maximum in various cities and towns, where I can afford them and the cash flow works. I have contacted several property managers that have been in business for some time. Am I foolish to invest in a property that far from where I live. I figure the property management in place will be the deciding factor, because otherwise traveling up to 6 hours seems ridiculous. What do you guys think?