I used to visit SDCIA’s website each day and post occaisionally. I haven’t been over there in quite awhile until now. I remember when I told everyone over there that I sold my last rental house in IB(May 05) they congratulated me.However, what I found rather disturbing was how many novice “investors” over there were pouring their dough into out of state rental properties.I felt at the time,and more so now, that there is an epic residential real estate bubble building in the English speaking world.
I heard all the reasons why it was different in Cape Coral( ironically this is where that tool Russ Witney is based),Salt Lake City, Boise,Texas, or anywhere else for that matter. All I know is being a landlord is not easy( a pain in the butt if you ask me), and being a highly leveraged out of state landlord is a recipe for disaster for novice “investors”.
