Local vs Long Distance Real Estate Investing
Jason takes a question from Mike who is a longtime Creating Wealth listener and income property investor in Phoenix regarding Mike's hesitation to invest in real estate markets that he does not live in. Jason shows how long distance real estate investing solves two problems that are created when one only invests where they live. First, you may not live in an ideal market for income property investing, and second, it's important to diversify your portfolio geographically as a hedge against good markets going bad.
Technological advancements empower income property investors to self-manage multiple properties in a multitude of geographically diverse markets. Property Tracker is an example of software that empowers income
property investors to self-manage multiple income properties in
geographically diverse markets.
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