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Updated over 6 years ago on . Most recent reply

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13
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Ethan Aycock
2
Votes |
13
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Long distance investing

Ethan Aycock
Posted
I live in an expensive area. Would it be better to long distance invest or short term to begin with?

Most Popular Reply

User Stats

281
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521
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Ellie Perlman
  • Multifamily investor
  • Boston, MA
521
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281
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Ellie Perlman
  • Multifamily investor
  • Boston, MA
Replied

@Ethan Aycock - it depends on your strategy. I live in LA, where cap rates and (cash flow) returns are compressed - which is great for investors who are interested in appreciation (vs cash flow). So if you want a (potential) high payout somewhere in the future, than core markets such as LA/NY/SF etc will be good markets for you. On the other hand, cash flow investors, like me, tend to invest in secondary markets. I invest in FL and TX, where appreciation might not be a s high as in LA, but the cash flow is significant and much higher than in core markets. 

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