Rental Property Investor · Zainesville Ohio · Member since 2018 · 23 posts · 9 votes
Just as the title reads. I’m about 45-60 miles from Columbus Ohio and think that is where I want to focus my investments. The drive doesn’t bother me much as I commute a lot already.
How far do you live from your rentals and what would make you buy farther from home?
Rental Property Investor · Durham, NC · Member since 2016 · 7k+ posts · 7k+ votes
8y
I live 570 and 750 miles from my rentals. I chose to buy long distance so I can live whereever I want and buy where it makes sense. Where I live is very expensive compared to where I buy rentals
Downers Grove, IL · Member since 2017 · 366 posts · 165 votes
8y
My rentals are all under a 45 minute driving time, I handle most repairs my self and find my own tenants, and belong to the local MLS. If I ever decide to invest much more passively the decision between local and long distance investments will become more of a conundrum.
Software Developer · Vidor, TX · Member since 2015 · 922 posts · 639 votes
8y
My rentals have been about 2 to 3 miles from me. Anything outside a 45 minute round-trip commute would probably result in me interviewing management companies.
Rental Property Investor · Lodi, CA · Member since 2018 · 206 posts · 115 votes
8y
I have some locally in California and some in Texas. with the rising prices in the Bay Area I started looking else where. They require the same amount of attention just in different ways.
I don't think it'd hurt to interview property management and contractors even at 45-60 miles away. You never know when something could come up and you can't get there right away.
Specialist · Carrollton, TX · Member since 2016 · 145 posts · 100 votes
8y
All my tentals are within 45 minutes of my home. I get that some people donlkng distance investing even of single family homes, I would never do that unless apartment complex >100 units
Tampa, FL · Member since 2015 · 145 posts · 47 votes
8y
@Account Closed I own some rental properties in Pensacola, Fl. I am retired from the Navy and now reside in Italy. So obviously I don't mind because I know that it doesn't matter how far you live from you rentals only matters if in the end you have a positive cash flow. Some other here also live in for example in Cali and own properties in the midwest. Again, it about your end goal.
Catskill, NY · Member since 2018 · 636 posts · 668 votes
8y
One is right next door, the other is a 5 minute drive away. I like them being close by but taxes in my area are pretty high so I’ve been looking about 30-45 min away. At that point I would probably have a PM or a good/trustworthy handyman.