First off, let me introduce myself. I was a member of this forum many moons ago. Life and priorities change. Now my wife and I are retired (we prefer to say "rewired") full time workampers and along with millions of others I guess, want to eke out more than 1% ROI on our savings. Apologies if this is not post number 54,304 making the same request but our situation is a little unique in that we don't really have a "home state". Arizona is our base but we spend less than four months a year there and probably it'll be less than a week this time around.
We rented out our modest apartment in Tucson three years ago and now make a giddy 3.5% net on our capital through an agency (TRT) that collects rent and deals with all the hassles. I'm considering pulling out everything from our woefully underperforming stock/bond market investment (close to $150K) in order to buy a rental property. It seems to me that if I'll be using - and paying for - a company to act on our behalf then it shouldn't matter where the property is located. The most important metric would be the best ROI for comparable risk, wouldn't you fink?
Am I missing something here? Any guidance and/or recommendations appreciated.
TIA
Marc
