If you're investing in real estate out of your home state don't you have, at minimum, a Realtor, Contractor, Property Manager, Lawyer, etc. in the state where you're looking to create a local presence?

The seller will also have to sign documents that are required and it will hold them liable for debts since they are on title.Best way to set that up is run the numbers and create a partnership based on the equity of the land and your cash injection and sweat equity.

Your story proves that being in the game creates opportunities you can’t plan for.

Choose a HELOC if the property is appreciating and cash flow remains strong, or a 1031 if you want to diversify or upgrade assets.This post does not create a CPA-Client relationship.

We are always here to assist in answering as many questions as you have & to work through any issues that come up along the way. 

I’d love to learn from your experience and see if we can create opportunities together.Thanks for reading, and I look forward to connecting!

With a background in residential real estate, I’m eager to expand my knowledge and build connections in the industry.I’m especially interested in networking with like-minded professionals who are passionate about creating value through real estate.

This creates a negative initial position.

There are several hurdles during the process:Find the deal - Unless you are marketing or plugged into a community where there are opportunities, it isn't always easy to find the right dealsEvaluate the deal - Without professional guidance and research tools, it is difficult for a newbie investor to evaluate and ARV/FMV or create an adequate rehab budgetSecondary exit strategies - If things don't go as planned are their other opportunities to exit profitably.

I have many flippers coming to me, asking for assistance to come save their projects.