When Arlington, Va., resident Jesse Shapiro wanted to diversify his investment portfolio with real estate, he recognized quickly that he didn’t want to buy a place in the Washington area.
“Housing costs in this region are prohibitive, and I didn’t want to risk buying something that’s 10 times the median price of a home in other parts of the country,” Shapiro says. “At the same time, it can be difficult to invest long-distance if you don’t know enough about other real estate markets.”
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