Buying properties in different markets across the country

[Nicholas A.]

I’ve noticed that some real estate investors treat the entire U.S. as their market, rather than limiting themselves to a single city or region—often even bypassing their own local market altogether and resulting in buying properties across the country more quickly and in multiple different markets. 

From what I gather, they don't tie themselves emotionally or logistically to one location, which can significantly broaden their deal flow. Instead, they focus on key metrics that make a deal work—cash flow, GRM, cap rate, local landlord laws, etc. Once a market meets their investment criteria, they assemble the right team quickly and move forward when the numbers justify the deal.

This approach seems to dramatically increase the number of potential opportunities compared to being confined to a single market or two and will results in buying properties more rapidly in different markets across the country.

Curious to hear others’ thoughts:

Does anyone here invest this way? How has it worked for you?