Select the better candidate.

Hi Christine, for a successful out-of-state investment, carefully research and select safe, high-demand neighborhoods in Memphis or Columbus, consider the potential benefits of duplexes for better cash flow, and engage a reliable property management company to handle local operations efficiently.

In short, I'll never do it again unless the relationship began as a business relationship that later evolved into a friendship and even then I'd be very selective.

We're advising clients to consider selecting a lower prepayment penalty to refinance if rates decline in the next few years.

Please DM me if so.I’ve encountered similar situations with unique zoning challenges.

This way, you can still have a personal touch in your selection but ensure that your decisions are based on measurable factors rather than subjective preferences.

I've run into a situation that appears to be unique and need some advise.

Have you selected the market, return criteria, etc.? 

I own my own brokerage so I can do what I want, and my agents are intelligent enough to do what they want without my permission, but I have a small team of very select agents. 

I also have another unique option where I could sell off portions of my equity at $50 increments with a 3% fee - but I would also proportionally lose any cash flow and appreciation - so I'm not fully convinced that's a good option - although I understand I can try to use the equity sold to get higher returns, but I'd need to at minimum, cover the cash flow returns I've lost through the sale.