Mr Al Young Dot Com

I have made a case for investing in real estate out of state by pointing out that modern technology has made it much easier to conduct business from a distance.  With the common usage of overnight mail, email, and the Internet today, business is routinely conducted from a long distance.  My current vacation in Hawaii illustrates this point.  Here is my view of Waikiki from my hotel room balcony.

I am sitting on my balcony with my cell phone and laptop.  I am 3 hours behind the west coast where I live, and 5 hours behind Texas where I have several pending projects.  With the time difference in mind, I am making and returning phone calls early in the morning.  I am also writing and returning emails on my computer, free wifi and internet at this hotel.  I am online checking several out of town newspapers in cities I am doing business in.  In the Austin Statesman, I come across this article about new tenants signed up in a new mall in Austin to be completed later this year.  Once completed, it will have over a million square foot of retail space.  Why do I care?  It is less than a mile of a housing development I am building a very high end spec home that will be completed and on the market in the next six months.  This retail development will be a asset to the community, and a good selling point for my spec home.  Conintuing to surf onlline, I check the weather in San Antonio.   Why do I care about the weather in San Antonio when it is 80 degrees and beautiful in Hawaii?  I have two spec houses in escrow and they need to be completed, so I can get paid.  The weather is sunny and clear in San Antonio so that means work and progress can be made today.  So, even though I am in Hawaii, several time zones away from my home and business interests, I am in touch with everyone I need to be in touch with, and accessible to vital information.  I am in Hawaii, but I could be anywhere in the world, and I would be able to conduct my business as if I were at home.  Distance is no longer a barrier to investing and conducting business outside of your local area.