Location. Not sure about mine.

[Jake Arnold]

I live in Bloomsburg, PA. It’s a small college town. Population 14k or so. I currently own a Duplex student rental. The colleges enrollment prior to COVID has slowly declined. With COVID who knows.

I moved here two years ago when the company I work for bought out another company in the area. I agreed to 5 years with the company, 3 left. I’d like to buy more property and build my portfolio but I’m afraid of buying anything else in my area. I think they rely to heavily on the university and if that were to go the town would follow.

My question: what should I do? I want to acquire more properties, learn more and do more but I don’t want to build a portfolio in a location that doesn’t benefit long term goals.

[Patricia Steiner]

@Jake Arnold

Florida is an "entertaining" place.  Most know it for the beaches, "magical kingdoms," sport teams, and the like. In reality, it's a pretty diverse state with sections that make you feel you're in a neighboring state. My recommendation would be to "kick the tires."  Look at what your money could buy in various areas and avoid those that require flood insurance.  You might not be able to afford a beach cottage (yet) but you can diversify your portfolio and find a great escape as well.  We tend to put boundaries on ourselves; it gives a sense of control. When you give yourself permission to explore, you unlearn imposing boundaries on yourself.  So, kick the tires just for kicks.  You never know what treasure you may find.