How far away are you willing to Invest?

[Kurt K.]

Hi everyone,

I wanted to ask a question about how far away (from their home) people are comfortable investing, and the pros/cons of investing further away, maybe far enough that you cannot drive there for a simple reason.

I have read that people will invest many states away, but I was wondering if this was exceptional, or fairly commonplace.

I bring this question up because I live in a small town, and while I have a nice first property under my belt (6-unit house), there are not many buildings larger for sale in my town. In order to "trade up" I would almost certainly have to go out of my immediate area. I'd imagine hiring a competent onsite manage to be critical in this type of enterprise, but I was hoping to hear about personal experiences from those that are far wiser to this than myself!

[Ben Bakhshi]

If the location is habitable by humans, then I'm open to invest.
My second filter is that I personally need to be able to visit.
That means zero Muslim countries because they don't accept Jews, especially Jews who have an Israeli stamp on their passport.
The third filter would be that it must be in an area that I can conduct reasonable amounts of research on from my computer, so if there are no English resources for me to research, then the odds of buying are slim to none.

I have properties on both coasts of the US, but nothing international yet.