In real estate is hyper loco. I only invest in indianapolis and the surrounding suburbs, but the properties are in different counties. So my southern indianapolis properties are impacted very differently. And there's still ok. You can invest in economically diverse areas on a makerol scale by going to different states,. or even just spread out that risk by going toDifferent parts of a city, right? Exactly. But it's the ability to analyze that is really important here. That is what we want to teach you...the ability to analyze different parts of the market so that you can make the decision that best suits what you need as an investor.
#379: Welcome to our First Friday bonus episode.
Once a month, Afford Anything presents a special feature called Invest Anywhere, in which we teach our audience how to invest in real estate from thousands of miles away.
We kickoff today’s episode by discussing current market conditions. Yesterday the Fed raised interest rates by another 50 basis points, which means mortgages are more expensive than they’ve been in years. Additionally, jittery investors worried about an impending recession led the stock market to its worst day of the calendar year so far.
How should we interpret the current market conditions? Is this a good time to buy an investment property? We cover this in the first 20 minutes of today’s episode.
Next, we discuss 5 challenges associated with investing in long-distance real estate investing: (1) fear, (2) accountability, (3) traction, (4) stress, and (5) relationships.
We elaborate on each challenge and offer solutions.
Finally, we discuss 4 benefits to investing out-of-state: (1) competitive ability, (2) diversification, (3) returns, and (4) repeatability. We elaborate on four types of diversification: economic, strategy, business cycle, and asset based.
Enjoy!
For more information, visit the show notes at https://affordanything.com/episode379
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