Why consider long distance (out of state) real estate investing?
At M2REST we research, and have access to experts who research, U.S. real estate markets exhaustively to determine ideal investment markets. These ideal markets are analyzed based on characteristics such as: average earnings per household, affordability, median home price, median home price change, housing trends such as new starts and existing home sales, foreclosure statistics, days on market, job growth, unemployment data, employment sector diversification and trends, growth oriented city/county policies, market value stabilization and future trend predictions, rent vs. own demographics, rental market trends and statistics, and so on. Oftentimes, we find that our home market (and maybe yours) is not one of these ideal markets. Our conclusion: it is more prudent/profitable to invest in markets with strong fundamentals based on solid research and a strong, on the ground, “Power Team” versus taking our chances in our local market based mostly on proximity and familiarity.
