The biggest thing preventing me from biting the bullet and investing is picking a location since I will be investing virtually. What 3 things are you looking for before you choose an area to invest in?
Thanks in advance! Would also love to hear from you via message and connect.
Plymouth, MI · Member since 2013 · 13k+ posts · 19k+ votes
4y
Cost to buy, the spread (profit) between the cost to buy and Comps of similar properties in the immediate area (micro-market), and the cash flow in that same area.
You do realize that most people today either work out of their homes, or cumute a longer distance so jobs in the immediate area don't have the same impact they used to.