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Updated over 5 years ago on . Most recent reply

User Stats

5
Posts
1
Votes
Corey Russo
  • New York area
1
Votes |
5
Posts

Do I need to live where I invest?

Corey Russo
  • New York area
Posted

Hey, i haven't been on this website long but I've seen that investing in the midwest, such as parts of Michigan and Ohio is the best but I have no interest living there. I have no family there and it just doesn't appeal to me being close to a big city currently (NYC). I would like to build a big portfolio of properties to make a decent passive income from it, but would living like 8 hours away from my properties be reasonable? Have people done this before?

Most Popular Reply

User Stats

83
Posts
85
Votes
Nathan Killebrew
  • Investor
  • Clinton, Ms
85
Votes |
83
Posts
Nathan Killebrew
  • Investor
  • Clinton, Ms
Replied

Check out David Greene's book on long-distance investing. Just to piggyback off of @Joe Villeneuve's point, it talks about building teams and systems. I would check it out if I were you! Good Luck

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