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Looking to invest in real estate? Do you have an interest in apartment buildings, storage units, land, or even mobile home parks (just to name a few)? The advice that most savvy investors give is to start in your local area.

If you http://www.realestateone.com/ have poked around looking for a real estate investment, you may have been lured sims urban oasis showflat by a nice marketing brochure of an investment https://www.realestatebook.com/ opportunity in another part of the country. As good as the marketing brochure may be, there are a lot of risks you need to consider.

When dealing with an out of town investment, the reality is that you are not investing in a project, you are investing in a person's sales pitch. Even if you go visit the investment project, you are still taking someone's word on how good the deal is.

What if you could remove some of the variables? What if you had some knowledge of the area you were thinking about investing in? What if you had an inside scoop on what is happening in the market?

Chances are you know a lot about the city your live in. If you read the local papers, watch the local news program, and talk with your friends and neighbors, you know a lot more than outsiders do.

Investing in real estate in your local area is a great way to reduce your risk in an investment. You would think it is common sense as to why, but it is reality, investors like to look for the 'hot' market. When chances are, there are great deals right where you live.

For example, if you lived in Albuquerque, NM, you probably would know that there is a lot of talk about the entertainment business moving to Albuquerque. It seems like everyday there is discussion about a new moving being shot somewhere in New Mexico. A growing industry means a growing economy. You can read more about it HERE.

New Mexico is even getting a lot attention in the media because of billionaire Sir Richard Branson and New Mexico's Spaceport America (a.k.a., Branson's Spaceport). Something is brewing out in the desert near Truth or Consequences, NM and it is big. The question is how big? With Jeff Bezos (founder of Amazon.com) building his own spaceport in West Texas, a new space race is brewing, and the hope is a big boost to New Mexico's economy.

So, if you looking to invest in real estate, look in your own backyard. Find out what is going on and look for the buzz. Chances are, there is a lot going on just like in Albuquerque, NM.

Rob Powell

www.TheRealWealthBlog.com