Quick Steps to Make Money in Distant Real Estate

Distant” real estate is any income property more than 25 miles from your home. Here are some steps to make money in distant real estate :

• Try to get distant real estate in areas offering you the type of recreation you enjoy—golf, boating, hiking, swimming, etc. Then you’ll be happy to visit your distant income properties.
• Run the same profit numbers for distant real estate that you do for local real estate. You should also include travel expenses to and from your distant properties.
• Keep in mind that your travel expenses to and from your distant properties are fully tax-deductible if you make these trips to collect rent, supervise repairs, find new tenants, for example.