Updated over 8 years ago on . Most recent reply
Buy rental properties in same zip code or diversified
Hi my name is Manuel, and i have 3 rental properties in Miami and looking for the 4th one. I want to know your point of view in buying rentals in the same area or diversified in different zip codes. As you know Miami is a difficult market but all my properties are in the same zip code and they perform really well compared with other zip codes in Miami. I really appreciate your input thank u!!
Most Popular Reply
If your returns are good and you are making sound investment decisions (not over leveraging, not running cash-flow negative in search of over-optimistic appreciation), I say stick with what you know. There's a lot of value in knowing the neighborhood, individual properties, and having a boots-on-the-ground feel for the local market.