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Chelsea Price's profile image
Chelsea Price's profile image
Chelsea Price
  • Homeowner
  • from DMV
  • Member since Jul 26, 2023

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Chelsea Price's profile image
Chelsea Price's profile image
Chelsea Price
  • Homeowner
  • from DMV
  • Member since Jul 26, 2023
Chelsea Price
  • Homeowner
  • DMV
25
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Short-Term & Vacation Rental Discussions

Invest in my own backyard or another state?

Chelsea Price
  • Homeowner
  • DMV
Posted

Hi! New to this site as well as investing. I recently inherited $200,000 cash and thinking about investing in a STR. I live 24 minutes from the White House and within a 3 hour radius from many viable tourist area options. However, beach towns down south that I would have to fly to if I wanted to check on my property are really pulling at my heart strings. What say you? Invest in my own backyard since I'm new at this or go grab my " cheeseburger in Paradise"?




Washington, District of Columbia
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Russell Brazil's profile image
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Russell Brazil
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Russell Brazil's profile image
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Russell Brazil
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Russell Brazil
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Russell Brazil
  • Real Estate Agent
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ModeratorReplied

Invest locally. It reduces your risk greatly, no matter where you are located.

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