How many here would like to own a company where others bring them viable deals to pick and choose from and then charge $795 for a final review.

I don’t want to fail, but I’m terrified I might pick the wrong market, work with the wrong broker, hire the wrong property management company or choose a property that ends up needing more work than expected.

After contacting about 4 lenders, I am finally trying to choose between these two offers:Option #1: 200K at 10.5 % variable rate, 20-year draw periodOption#2: 138k at 7.6% variable rate, 10-year draw period.Which of these would be beneficial for a newbie investor like me.

Think about your goals but also your time and energy budget when choosing an asset or location. 

The double edged value in these memberships is the networking, validations,  sharing of what works, what doesn't, the 'inner circle' deals and hanging out with like minded folks and work with same group, so it's a bit exclusive. 

These are pros and cons:Pros:- Access to Better Markets:Investing out of state allows you to choose markets with stronger economies, population growth, and higher rental yields.- Diversification:Spreading your investments across different states reduces risk and helps protect your portfolio from local economic downturns.- Affordability:Some out-of-state markets may offer lower property prices, allowing you to get more for your investment.- Higher Cash Flow Potential:Certain markets might provide better rental income, leading to increased cash flow.Cons:- Limited Local Knowledge:Understanding the nuances of a new market is challenging without on-the-ground experience.- Property Management:Managing properties remotely often requires hiring a property manager, adding to your costs.- Increased Travel and Communication:Regular visits and long-distance coordination can increase both time and expense.- Legal and Tax Complications:Navigating different state laws and tax regulations can be complex and confusing.Out-of-state investing can be a great way to grow your real estate portfolio, but weighing the benefits against the potential challenges is essential.

Some might choose to sell and pay the taxes, especially if the market conditions are favorable, but it would likely be a tougher decision without the 1031 option.As for the broader impact, it could hurt the economy by slowing down real estate transactions and reducing the fluidity of investments.

If your partner reaches out indicating a willingness to try to settle differences, than you can choose to do that on your own, or you can suggest employing a mediator for a two hour session at a reasonable cost, shared by both of you3.

If you can work remote, I would choose a market where you would like to live and where you can invest in deals that cash flow.

Many New York landlords/investors choose not to raise rents because they're worried about losing a good tenant.