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Updated about 5 years ago,
Buying rentals outside of your area
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?