The idea of remote investing scares a lot of people away. Little do they know that investing out-of-state can be one of the most advantageous ways to invest in real estate.
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Diversity is one of the keys to success in real estate investment. For real estate investors, what it means to diversify can vary. It can mean changing your strategy and owning properties across multiple types: single-family and multifamily properties, short and long-term rentals, and more. But most commonly it means investing in different real estate markets. For some, that can be a scary notion.