If you can't afford a house in your city, what about an investment property somewhere else?
Why it matters: Some people are becoming homeowners while continuing to live in their rental apartments, Axios' Sami Sparber reports.
💡 How it works: That approach can make sense for renters with extra cash who want to remain in a costly area and start building equity, according to Realtor.com chief economist Danielle Hale.
They could "look for a less-expensive market where their savings might be able to translate into a nice down payment," Hale told CNBC.
Dubbed "rentvesting," the strategy often involves taking on landlord responsibility from afar.
