8: Commandment #7: Be Area Agnostic™ (Do Not Limit Yourself To Certain Areas)
Update: 2019-10-17
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Be Area Agnostic™ (Do Not Limit Yourself To Certain Areas)
Do not allow yourself to maintain pre-conceived notions about a certain market just because you happen to like “the weather” or whatever else an area might seem to have going for it. From an investor’s standpoint, it is absolutely illogical to fall in love with an area unless it makes good financial sense. Additionally, to avoid a conflict of interest, only invest with an adviser who is not partial to any one market or investment property. Consider a variety of opportunities. Take the emotion out of it and make a good business decision; that is what it means to be Area Agnostic™.
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