An Investor Analyzes: What’s Better, Local or Out-of-State Real Estate Investing?

by Sterling White

What’s better — local or out-of-area real estate investing?

There are very strong advocates for either sticking to loyally investing in your local property market or casting a very wide net. So who is right? Or does it completely depend on the market and your individual plan?

It is very important for every individual to recognize the media spin and bias of different investment operators. It is hard not to be biased, and they may have the best options — just be alert and think for yourself. Make sure the recommendations you are considering are really in your best interest and match your goals.

Stay Close to Home Before Testing Outside Waters

Personally, I normally advise newer investors to stay close to home, especially for the first few deals, before venturing out of state. There are a few reasons I feel this really makes sense. The first is just getting the learning experience. If something goes wrong, you can drive down the street and take over. You also know the local market better than somewhere you rarely visit. It helps to make better decisions and get better value.

Eventually, it makes sense for all investors to expand and diversify into more distant markets. This is for different reasons than why stock market investors recommend diversifying broadly. In stocks, even the best and most experienced advisors acknowledge they have no control over performance and have no idea what will go up or down. That’s a little different in real estate because it’s more tangible. Yet it is smart to diversify to optimize performance over time, to keep income consistent, and to defend against factors like earthquakes or even an economic downturn.

real-estate-market

When Newbies May Want to Consider Out-of-State Investments

Still, it is true that some investors are better off investing out of state — and perhaps even first. Perhaps you are in a market like California and you simply can’t afford to get started in real estate locally or the numbers just don’t work for finding cash flowing rental properties. In this case, investors should absolutely look further afield. Once you’ve made some money, you can always add a place in San Diego, Los Angeles, or San Francisco later on, when the numbers make more sense.

In making your decision, revisit your ultimate goals, your timeline, and your resources. Can you invest into a small portfolio of cash flowing properties with good value locally? Or do you have to look further? Is it smarter to lock into more profitable deals up front and grow with your gains? Or gamble on one property where the numbers are already very tight?

Personally, I prefer to invest in common sense bread and butter markets first. And while I love to travel to more expensive and exotic locations like Miami, any “investments” made there would be more likely to be fun splurges.

Do you prefer to invest in your local market or in out-of-area locations? Why?

Leave your thoughts below!

Interested in Finding out More? Reach out below

Shawn Ireland

Phone: 913-225-6231

Email: Ireland_Investments@yahoo.com

Address: 1415 Main St. #823, Grandview, MO 64030


Website: www.irelandinvestmentsllc.com/

Facebook: @IrelandInvestmentsLLC/

Instagram: @irelandinvestmentsllc

Twitter: @IrelandLlc


Ireland Investments llc

This information is intended only for the use of the intended recipient(s) and it may be privileged and confidential. Please note that any views or opinions presented in this post are solely those of the author and do not necessarily represent those of the company. This is reposted information and is not original thought of Ireland Investments or anyone associated with the business.

Popular areas we service;


Kansas city Missouri, Overland Park Kansas, Kansas city Kansas, Olathe Kansas, Independence Missouri, Shawnee Kansas, Blue Springs Missouri, Lenexa Kansas, Leavenworth, Kansas, Leawood Kansas, Liberty Missouri, Raytown Missouri, Gladstone Missouri, Grandview Missouri, Belton Missouri, Prairie Village Kansas, Gardner Kansas, Raymore Missouri, Grain Valley Missouri, Ottawa, Kansas, Lansing Kansas, Excelsior Springs Missouri, Merriam Kansas, Harrisonville Missouri, Cameron Missouri, Mission Kansas, Kearney Missouri, Smithville Missouri, Pleasant Hill Missouri, Oak Grove Missouri, Bonner Springs Kansas, Roeland Park Kansas, Parkville Missouri, De Soto Kansas, Richmond Missouri, Greenwood Missouri, Paola Kansas, Basehor Kansas, Tonganoxie Kansas, Odessa Missouri, Peculiar Missouri, Platte City, Missouri, Higginsville Missouri, Lexington Missouri, Edwardsville Kansas, North Kansas City Missouri, Osawatomie Kansas, Louisburg Kansas, Fairway Kansas, Mission Hills Kansas, Sugar Creek Missouri, Riverside Missouri, Buckner Missouri, Pleasant Valley Missouri, Lawson Missouri, Plattsburg Missouri, Lake Lotawana Missouri, Weatherby Lake Missouri, Wellsville Kansas, Edgerton Kansas, Westwood Kansas, Garden City Missouri, Gower Missouri, Claycomo Missouri, Lone Jack Missouri, Drexel Missouri, Lake Tapawingo Missouri, Glenaire Missouri, Dearborn Missouri, Avondale Missouri, Osborn Missouri, Sibley Missouri, Oaks Missouri, Unity Village Missouri, Levasy Missouri, Randolf Missouri, River Bend Missouri, Jackson County Missouri, Johnson County Kansas, Clay County Missouri, Wyandotte County Kansas, Cass County Missouri, Platte County Missouri, Leavenworth County Kansas, Miami county Kansas, Lafayette County Missouri, Ray County Missouri, Clinton County Missouri, Bates County Missouri, Linn County Kansas, Caldwell County Missouri, Crossroads Real estate, 18th and vine Real estate, Hospital Hill real estate, library district real estate, longfellow real estate, dutch hill real estate, quality hill real estate, river market real estate union hill real estate, Greater downtown KCMO real estate, East Side KCMO real estate, Midtown KCMO real estate, Westport Real estate, Hyde Park real estate, Northeast KCMO real estate, Northland real estate, Plaza Real estate, South Kansas City Real estate, Fairway Kansas real estate, Kansas city Kansas real estate, lake quivira Kansas real estate, Lenexa Kansas real estate, Mission hills Kansas real estate, overland park Kansas real estate, prairie village Kansas real estate, Shawnee Kansas real estate, weatherby lake Missouri real estate, westwood Kansas real estate

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

WordPress.com.

Up ↑

%d bloggers like this: