I recently hosted my monthly Denver women’s investing group, and the focus was long-distance investing, a theme that remains attractive and frightening to the masses.
5 Smart Tips for Successful Long-Distance Real Estate Investing 1.
As they see it, time works against appreciation.
Had they done more research, talked to more people, and studied more maps, they might have known those neighborhoods had crime and other issues.
Still, knowing areas to avoid isn’t the same as being a local.
Out-of-state people get routed here, while locals avoid it like the plague.
Attend local real estate meet ups.
Related: The Core 4 Members Vital to a Profitable Long-Distance Real Estate Investing Team Related: She advises picking somewhere with cheap flights from your location.
I find this reaction to be common and was happy to hear it reflected again at the investment group.
What has long-distance investing (or researching long-distance investing) taught you?