Hi AaronWe moved 5 years back from Beaverton to southern Oregon to get away from Portland influence.   1031ed property to Memphis & land trusted into series LLCs there, all in Memphis area.   

Based on what you said, not any assumption I’m making, all of the expertise in these deals is coming from outside influencers.

The real estate professional or coordinator has input and dealmaking influence, but the terms of financing are generally the key component to unlocking the transaction. 

Hey all, this post is for anyone with some open weekdays who is also looking for better/updated photography for their short term rental (also some bonus tips on partner cross-marketing).Partner with influencers (find them on FB and Instagram or I can help you find a few) by offering them a stay during the quieter mid-week time in exchange for professional content and posts from them.

This could be a good influence towards finding a mentor as well.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

Options may include traditional mortgages, private lenders, partnerships, or even self-directed IRAs.Calculate all potential costs including property acquisition, renovations, property management fees, taxes, and maintenance.Property Selection and Due Diligence:Use your local team to scout properties that match your investment criteria.Conduct thorough due diligence including property inspections, financial analysis, and reviewing rent comparables (rental rates in the area).Make Offers and Negotiate:Submit offers based on your research and due diligence.Negotiate terms that are favorable to your investment goals, taking into account potential repairs or improvements needed.Close the Deal:Once your offer is accepted, work with your local team to complete all necessary paperwork and close the transaction.Ensure all legal aspects are handled properly, including title searches and property inspections.Manage Property Remotely:Hire a reputable property management company to handle day-to-day operations such as tenant screenings, rent collection, maintenance, and emergency repairs.Establish clear communication channels and expectations with your property manager.Monitor and Adjust:Regularly review your investment performance and financial metrics (cash flow, occupancy rates, expenses).Stay informed about market trends and adjust your strategy as needed to optimize returns or mitigate risks.Long-Term Strategy and Growth:Evaluate opportunities for portfolio expansion or diversification in the same or different markets.Continuously educate yourself on real estate investing best practices and market dynamics to make informed decisions.By following these steps diligently and leveraging local expertise, you can effectively navigate the complexities of out-of-state real estate investing and build a successful portfolio over time. 

No states I'm aware of, and I'm a broker in 21, and a salesperson in 2, require the performance of a ministerial act. 

A $50K investment from a psychiatrist who has no idea what they are doing but wants the "freedom" "low risk" and "generational wealth" the GP promises comes with zero power over the syndicator in an incredible lopsided distribution of power not available from most other sources of capital. 2) Ability to Charge WAY more in fees: A naive accredited investor with little experience in private investments will fork over fees like: - 2.5% acquisition fee- High Management fees (2-5% of rents) - 2.5% disposition fee- 1-2.5% refinance fee- 20-30% carried interestThe fees that many of these social media influencers charge would get them laughed out of the room by any family office or private equity shop.

The best sponsors build their reputations and investor base on long-term performance and trust.