Ask Marco - How Important is it to Invest Locally? | PREI 267

Passive Real Estate Investing

Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.

Education, Business, Entrepreneurship, Business:investing, How To, Investing

4.6 • 968 Ratings

🗓️ 23 July 2020

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's question is from Daniel, he wants to know how important it is to invest locally and should investors need to be in close proximity to their investments. Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing. IF YOU LIKE THIS PODCAST we would love it if you would go to iTunes and Subscribe, Rate & Review our podcast. This will greatly help share our podcast with others wanting to learn. Thank you!

Transcript

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0:00.0	Welcome to passive real estate investing the show where busy people like you
0:04.7	learn how to build substantial passive income while creating wealth for the
0:08.7	long term and now here's your host Marco Santorelli.
0:12.3	Hello friends and welcome to another episode Now here's your host, Marco Santorelli.
0:13.2	Hello friends and welcome to another episode of Ask Marco,
0:16.0	where I answer your investing related questions.
0:18.9	Today's question is from Daniel, a great question here,
0:21.9	and one that we hear often my team of investment
0:26.1	counselors hear this very often and over the years I've heard this ask so many times
0:31.6	and I talk about it when I'm interviewed on other people's
0:34.0	podcasts in different media spots and the basis of his question is how important is
0:39.8	it to invest locally? Great question.
0:43.0	He says, hi Marco, I am a new real estate
0:46.1	investor and have some concerns stopping me
0:49.1	from investing in my first property.
0:51.4	Well, let's help you out with this. One of my concerns is that I may be
0:54.9	moving across the country for a career opportunity soon. Do you think it is important for
1:00.0	investors to be in close proximity with their investments so that it is easier to manage
1:05.7	tenants, manage renovations, and dealing with potential issues.
1:10.8	How have you managed your long-distance investments? Thank you, Daniel. All right Daniel,
1:16.8	thank you for the question. So let me ask you a question. Let's just assume you were
1:20.8	investing in stocks and you wanted to pick the very best possible stock
	...

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