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Updated almost 8 years ago,
How far do you live from your investment properties?
Hello! First time hopeful investor here. I live in a fairly expensive area and am looking to purchase a 6 unit building. The buildings within 30 minutes of my home go for $600,000 or more. Buildings 45 min-1 hour away go for much less - $295,000 to $450,000.
What area would you suggest? I plan to self manage. My cousin is a property manager and can assist me with finding good tradesmen when needed. I'm wondering how often I should expect to be at my property. Also I have a full time job that I am staying at.
Thanks!