All Forum Posts by: Arthur Tom

I have wondered about Ventura when I drive through on my way to Santa Barbara.  No one ever talks about it, but it has lovely beaches.  Is it affordable?  I think ultimately all of the coastal cities will increase in value at a higher rate than inland - is Ventura still a bargain?

Arthur Tom Sorry, I'm completely unfamiliar with the out-of-town requirement.

You probably didn't want to hear my experience, but I just figured I'd throw it out there.  It's really only something that you yourself can answer.  There's pluses and minuses for both.  I finally decided that at least for now, my property being local is important to me so I can manage it and gain important experience.  That way if in the future I want to invest remotely, I'll be ready.

Arthur Tom This is easy. The pros only exist if you can get a better deal down the road versus where you live. If the better deals are closer to you, why bother with the other? The cons basically center on the hassle factor. All of mine are 20-30 minutes away, and I don't mind. I can't replicate the same deals in my own neighborhood, and I'm willing to drive a little further because my investments are cash flowing and I want to protect them. If you know you're going to get irritated driving to the next town, save yourself the headache. I agree that you won't find yourself driving there too often after you get it leased. Once a quarter to do a drive by and change the tenant's air filter should suffice.