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Updated over 11 years ago,
DIVERSIFICATION?
Hello BP community!
I have eight rentals, seven of which are in the Kansas City area. I'm looking at my next purchase, but I'm not sure if it's better to focus on Kansas City, which I'm just starting to learn, or diversify into another area (Memphis? Milwaukee? Detroit? NO!!!). I understand the concept for stocks, but I'm not sure it's as applicable in real estate.
Thank you for your insightful thoughts.
David