An investment property offers a unique option: you can buy one virtually anywhere. If you’re comfortable being an absentee landlord, you can actually own a home thousands of miles away and have a team of specialists manage your property. But most investors opt to be more involved than that, buying properties closer to home. An NAR study of investment home purchases shows the median distance to be 99 miles from the owner’s primary residence, with 37% located less than 25 miles away. Another advantage to buying close to home: it may be easier to make sound investments, because you’re familiar with neighborhoods, comparable values, and advantageous purchasing.
