They leverage their local knowledge, they can perform heroics if needed, it is easier to self manage than distant properties saving precious money when it is very critical when starting as an RE investor.   

I foresee a time in the not very distant future where sellers can directly create their own listing on the MLS.The buyer's agent side of the business has more value, I think. 

David Doyle – That George Coats book brings back distant memories of trying to find a copy.

I have always wondered how investors manage their real estate business if they own properties in different parts of the country and they reside in a completely different part of the country.For example, I live in San ...

(important detail: the nearby community is a distant suburb but not the most popular suburb.

.#3 What is your relationship, distant uncle or brother as it makes a difference to seller financing.

An alternative upper middle-class area would be Chandler, Gilbert, parts of Mesa and even the more distant areas of Queen Creek and Maricopa.Of course, it all depends on your appetite and budget.

I was running into this in 2000 or so.. when i started looking all over the country.. and the reason the bankers told me.. and this relates to rental property.is that the risk of distant landords they determined is to high.. and they do better with locals who they know like and trust.. it took me 3 years to find a local bank in Charleston to fund my deals there ( new construction) and even at that they limit me to one million.. were my credit limit in Oregon is 10million.. ( becasue i live and work here and know my banker etc etc) .. national lenders being who and what they are ..  

This is a value-add property with retired / distant / self-managing ownership with a 55% occupancy rate. 

Hi investors! My mom and I are looking to buy our first property and we're wondering, should we start out local, and how good an investment are condos? We live in Maryland, near Washington DC and we've got about 100K ...