Still buying rentals near your house? Let’s talk risk…
In this commentary, the speaker highlights a striking statistic that roughly 85% of retail real‑estate investors purchase properties within a 60‑mile radius of their own home. He argues that this geographic concentration creates severe diversification problems: investors are exposed to local economic downturns, job losses, or property‑value declines that could simultaneously affect their residence, employment, and investment portfolio. Drawing a parallel to stock‑market investing, he stresses that prudent investors spread exposure across multiple markets to balance risk and return. The speaker positions this insight as a guiding principle—a “north star”—for building a more professional, sophisticated investment experience that encourages investors to diversify across different regions rather than staying locally focused.
