Hi BP Community,I’m looking into my first out-of-state multi-family partnership with someone that already has experience in the local market and connections to the operational teams required to make out of state inves...

Thinking about stepping outside my comfort zone and maybe doing out of state investing. 

Hey Bigger Pockets community, I'm just starting out in Step 1 (get educated) on what I want to become a successful career in real estate investment.I also currently run an e-commerce business that is currently completely online, but would benefit from having a brick & mortar storefront, and I had an idea that maybe using the investment capital I'm looking to allocate into real estate into a commercial property my business can operate out of until I decide to sell the property in or rent it out to another business.I am obviously very naive when it comes to the complexity of any good real estate deal (especially commercial VS residential), but I'm hoping to spend as much time learning from everyone here who is on their journey as well.My main concern with the idea of buying commercial to operate my business out of it that I might struggle to rent it out afterwards and that there may likely be depreciation in the commercial real estate market over the next 5 years.I understand there is a lot of nuance depending on the local market but I'm guessing commercial is even less of a "safe" bet than finding a solid residential deal to leverage in some way.

Extending and expanding these credits could be a huge step toward addressing the affordability crisis by boosting supply in struggling areas.It’ll be interesting to see how Scott Turner builds on his past work with Opportunity Zones to drive progress. 

They're good rental markets and certainly OK places to live, but definitely a step down from A or B+. but 

The actual penalty varies but it's often a step down or if a 5 year prepayment penalty term, it will be 5% of the original or unpaid mortgage balance if refinanced or sold in the first year, then 4% in the second year and then on down (the exact penalty varies which is why I mention both the original and unpaid mortgage balance.

I even had one slick guru recently try to sell me on creating my own course if I joined his program for $10,000 and they’d walk me through the steps of creating it and help me market it on doing LTR, and BRRRR and when I objected and said I’ve only currently got 7 buildings now with 25 units and have sold 7 over the course of years I’ve been doing it he said we’d focus on the deals I’ve been doing where I’m getting ARVs of $200,000-400,000 and not my actual numbers of properties owned.

Wood has a huge variability in strength--between pine varieties, the stress which can cause them to fail varies by more than 2x and you can see 20%+ increase in strength as it ages.Then I have stress concentrations which will yield and then redistribute the load in practice, but not according to the calculations I'm allowed to do. 

They have rules and best practices about how we put these deals together which has collectively saved us from much of the pain being experienced right now in the multifamily space. 

There is a way of waiving the account at the state level by certifying certain practices but it's more trouble than it's worth and easier to just keep an account open.