Furthest you have ever bought an investment property?

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Furthest you have ever bought an investment property?

Cameron Riley
Rental Property Investor · Phila, PA · Member since 2018 · 554 posts · 118 votes

- In Miles, Hours Or however you would like to measure...

- What was the FURTHEST distance you have bought an investment property from where you reside?

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Thomas S.
Member since 2016 · 13k+ posts · 12k+ votes
7y

1 hour drive. I trust no one and prefer to self manage.

 My market cash flows nicely, 1% guideline works, properties are affordable and there are plenty to choose from so no need to look farther than my own back yard. 

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  • Bill B.
    Investor · Las Vegas, NV · Member since 2013 · 8k+ posts · 10k+ votes
    7y

    Mine was only 1700 miles Vegas to MN but it was without seeing it in person, listing pictures only,  if that’s worth anything. 

    4Reply
  • Jordan MoorheadBusiness Member
    Real Estate Agent · Austin, TX · Member since 2015 · 5k+ posts · 3k+ votes
    7y

    @Cameron Riley over 1000 miles

    [email protected]512-888-9122
    The Moorhead Team5140 Reviews
    WebsiteView Page
    1Reply
  • Thomas S.
    Member since 2016 · 13k+ posts · 12k+ votes
    7y

    1 hour drive. I trust no one and prefer to self manage.

     My market cash flows nicely, 1% guideline works, properties are affordable and there are plenty to choose from so no need to look farther than my own back yard. 

    7Reply
  • Dennis M.
    Rental Property Investor · Erie, PA · Member since 2018 · 6k+ posts · 9k+ votes
    7y

    @Cameron Riley

    50 miles from my house is plenty far enough

    3Reply
  • Cameron Riley
    OP
    Rental Property Investor · Phila, PA · Member since 2018 · 554 posts · 118 votes
    7y

    @Bill Brandt

    Haha! How did that work out!?

    1Reply
  • Cameron Riley
    OP
    Rental Property Investor · Phila, PA · Member since 2018 · 554 posts · 118 votes
    7y

    @Jordan Moorhead

    Jordan! Was it a vacation rental? What state?!

    0Reply
  • Cameron Riley
    OP
    Rental Property Investor · Phila, PA · Member since 2018 · 554 posts · 118 votes
    7y

    @Dennis M.

    Agreed!

    0Reply
  • Bill B.
    Investor · Las Vegas, NV · Member since 2013 · 8k+ posts · 10k+ votes
    7y

    @Cameron Riley

    5 years in to a 7 year lease at $2700/mo. 

    Had to replace a garage door opener and a microwave so far, about $300ea  

    We’ll either move there or raise the rent in 2021 as we decide if we can tolerate the humidity to live on the water. 

    3Reply
  • Jordan MoorheadBusiness Member
    Real Estate Agent · Austin, TX · Member since 2015 · 5k+ posts · 3k+ votes
    7y

    @Cameron Riley no mine are all long term rentals

    [email protected]512-888-9122
    The Moorhead Team5140 Reviews
    WebsiteView Page
    1Reply
  • Jordan MoorheadBusiness Member
    Real Estate Agent · Austin, TX · Member since 2015 · 5k+ posts · 3k+ votes
    7y

    @Cameron Riley Texas and KY

    [email protected]512-888-9122
    The Moorhead Team5140 Reviews
    WebsiteView Page
    0Reply
  • Jerry W.Pro Member
    Moderator
    Investor · Thermopolis, WY · Member since 2012 · 4k+ posts · 4k+ votes
    7y

    My farthest was Toledo Ohio, 1500 miles away.

    3Reply
  • Dean H.
    Rental Property Investor · Salem, OR · Member since 2016 · 202 posts · 305 votes
    7y

    2324 miles

    0Reply
  • Cameron Riley
    OP
    Rental Property Investor · Phila, PA · Member since 2018 · 554 posts · 118 votes
    7y

    @Jerry W.

    Hmmm, why the purchase?

    Was the deal to good to resist?

    0Reply
  • Eric Schultz
    Investor · San Diego, CA · Member since 2016 · 265 posts · 305 votes
    7y
    San Diego to Boquete, Panama will be my longest distance investment at 3,680 miles this year.
    3Reply
  • Jim Chuong
    Rental Property Investor · Toronto, Canada · Member since 2012 · 102 posts · 95 votes
    7y

    @Cameron Riley I live in Toronto, Canada and during the Great Recession I purchased a number of condos and SFH in Phoenix, AZ

    I still have them today

    2Reply
  • Jim Chuong
    Rental Property Investor · Toronto, Canada · Member since 2012 · 102 posts · 95 votes
    7y

    @Cameron Riley apparently Google is telling me that Toronto to Phoenix is 2215 miles

    0Reply
  • Cameron Riley
    OP
    Rental Property Investor · Phila, PA · Member since 2018 · 554 posts · 118 votes
    7y

    @Eric Schultz

    Reasons for this investment?

    0Reply
  • Cameron Riley
    OP
    Rental Property Investor · Phila, PA · Member since 2018 · 554 posts · 118 votes
    7y

    @Jim Chuong

    Smart buys!!!

    0Reply
  • Taylor Chiu
    Real Estate Agent · Salt Lake City, UT · Member since 2014 · 473 posts · 230 votes
    7y

    @Cameron Riley

    1500 miles. We live near Park City UT, and own about 30 units out in Milwaukee, WI

    0Reply
  • Cameron Riley
    OP
    Rental Property Investor · Phila, PA · Member since 2018 · 554 posts · 118 votes
    7y

    @Taylor Chiu

    How has Milwaukee been?

    I read the book “eviction “

    So many issues going on in the city of Milwaukee

    0Reply
  • Jeff C.
    Real Estate Broker · Bakersfield, CA · Member since 2018 · 269 posts · 597 votes
    7y
    Originally posted by @Cameron Riley:

    - In Miles, Hours Or however you would like to measure...

    - What was the FURTHEST distance you have bought an investment property from where you reside?

     1400-1500 miles. One of them I never saw in person until I sold it a decade later.

    1Reply
  • Cameron Riley
    OP
    Rental Property Investor · Phila, PA · Member since 2018 · 554 posts · 118 votes
    7y
    Originally posted by @Jeff C.:
    Originally posted by @Cameron Riley:

    - In Miles, Hours Or however you would like to measure...

    - What was the FURTHEST distance you have bought an investment property from where you reside?

     1400-1500 miles. One of them I never saw in person until I sold it a decade later.

    LOL! How did you sleep at night, not knowing what the home really looked like? Thats crazy but such a neat experience.

    0Reply
  • Jeff C.
    Real Estate Broker · Bakersfield, CA · Member since 2018 · 269 posts · 597 votes
    7y
    Originally posted by @Cameron Riley:
    Originally posted by @Jeff C.:
    Originally posted by @Cameron Riley:

    - In Miles, Hours Or however you would like to measure...

    - What was the FURTHEST distance you have bought an investment property from where you reside?

     1400-1500 miles. One of them I never saw in person until I sold it a decade later.

    LOL! How did you sleep at night, not knowing what the home really looked like? Thats crazy but such a neat experience.

    I had a property manager that I was already using in the area and that had proven themselves to be reliable go and check the property out before I bought it. It all worked out quite well.

    2Reply
  • Rob Massopust
    Real Estate Broker · Santa Ana CA [South Coast Metro] · Member since 2016 · 459 posts · 202 votes
    7y

    An igloo on the North Pole, did not work out too well!

    1Reply
  • Cameron Riley
    OP
    Rental Property Investor · Phila, PA · Member since 2018 · 554 posts · 118 votes
    7y
    Originally posted by @Rob Massopust:

    An igloo on the North Pole, did not work out too well!

     How much was the property tax

    0Reply
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