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Updated almost 3 years ago on . Most recent reply

User Stats

187
Posts
67
Votes
Joshua Poitras
  • Real Estate Agent
  • Lowell, MA
67
Votes |
187
Posts

Out of State Investing Pros and Cons

Joshua Poitras
  • Real Estate Agent
  • Lowell, MA
Posted

To my out-of-state investors, what do you believe are the advantages and disadvantages to out of state investing. Or even long distance investing? 

  • Joshua Poitras
  • Most Popular Reply

    User Stats

    81
    Posts
    58
    Votes
    Russ Kitzberger
    • Realtor
    • Cincinnati, OH
    58
    Votes |
    81
    Posts
    Russ Kitzberger
    • Realtor
    • Cincinnati, OH
    Replied

    Some advantages

    Truly passive income

    Ability to write off visits to the property/location

    Low chance of impromptu or emergency situations from tenants/users

    The diversified market risk from your primary residence market

    It seems most disadvantages are related to non-passive activities or the desire to participate in the management or care of the property. There is also the chance to not be well informed, however, that risk can be mitigated with good counsel.

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