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Posted over 11 years ago

Staying close to home

Last night I cracked open a couple investing books.  In The ABCs of Real Estate Investing by Ken McElroy, he suggests investing in a market in your home state, "preferably close to your home".  McElroy agrees with Dave Ramsey, who says to invest close to home.

The idea is that out of state investors take their eye off the ball and can sometimes forget that it's a business and not truly a passive investment. 

Looks like we'll be sticking to the Milwaukee metro area.  Madison is also a great city in Wisconsin, and I like the Green Bay area and Fox Valley.   Milwaukee county is a wonderful place (but with high property taxes).  I'll try to get focused soon. 


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