Investing in Detroit while living in NY.Good idea?

[Mike Muniz]

I'm currently living in NY looking to start investing.Getting my NY license first then looking to transfer to Detroit but I don't want to move.Could I work from NY? And if so should I?

[Michael Ablan]

@Mike Muniz -  Are you asking if you could represent clients in Detroit while living in New York?   Or are you looking to just invest in Detroit?

If your answering yes to the first question, then I really hope your kidding.

If your answering yes to the second question, then yes, you absolutely can.  But I'd be planning on booking a ton of flights to Detroit with the intention of spending a lot of time there to learn the market, or to find a PM whom you can trust.  Check out David Greens Long Distance Investing book.