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Updated about 5 years ago,

User Stats

97
Posts
56
Votes
Edward L lauckern
  • Auburn NY
56
Votes |
97
Posts

Buying rentals outside of your area

Edward L lauckern
  • Auburn NY
Posted

I own 11 units in central NY all within close proximity to me. I do my own management on all the properties. I have had opportunities to buy outside of my area but I dont feel as though it's a good idea, (what if something went wrong and I couldn't get there) all I see is high risk. am I missing something? I'm looking to see what experiences other investors have with buying outside of their areas, where management companies have to take over. Compared to investing locally. Is it worth it?

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