Drew 2: What's the best city to invest in if you are an out-of-state investor?

7 Jun 2023 · 1 min

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In this brief Jacksonville‑filmed monologue, real‑estate professional Andrew Postell reflects on selling a property and pivots to advice for out‑of‑state investors. Drawing on 15 years of experience, he argues that the single most important factor in choosing a market is the presence of trustworthy local contacts and advisors, not marginal differences in projected returns. He stresses that without personal visibility of the asset, investors must rely heavily on trust, so the city where they have established relationships should be the priority for investment.

Chapters

Hey now, Drew Two Time. Last video for me in Jacksonville, Florida. I feel a little sad having to sell this property, but it's been such a great one. No emotion, this is business. How do we make more money as a real estate investor? Sometimes you have to leverage your properties. Oftentimes somebody will ask me, hey, what is the best city as an out-of-state investor to invest in? I mean, I've been an out-of-state investor for 15 years now. The answer is, where do you have trustworthy people? If you never see your asset, that's an enormous amount of trust you have to instill in somebody. So whether City X gets 2% better returns than City Y, your choice should be, where do I know somebody? Where do I have my trusted advisors? That's the right answer for where you should invest if you're an out-of-state resident. real estate investor. Hey, this is Andrew Postell. Thanks for watching today's Drew 2.