Hey Tucker, I would say hiring a local property manager is a game-changer for out of state investments.

Over the years, I have 1) invested heavily in education (underwriting, financing, market analysis, asset management, identifying macro/micro trends per market, etc), and 2) developed strong relationships with a network of accredited investors who are interested in diversifying and jumping into the multifamily space.

In Colorado I was comfortable with possible appreciation, whereas I think in NWA I might have to split it or develop it in some way. 

Instead of going the attorney route, I ended up working with National Debt Relief, and it was actually a game-changer for me.They handled all the negotiations with my creditors and were able to reduce my total balance significantly.

I want to know how much skin they have in the game, the loan, and their track record.

I have borrowed against the property to fund other development projects via a heloc.

I’ve had success with infill development, exiting through a sale at the end, but have reached a bottleneck in how many concurrent projects I can fund. 

In summary, leveraging an earnest money lending partner can be a game-changing strategy for scaling a fix-and-flip business, enabling investors to navigate the market more effectively and capitalize on lucrative opportunities.

It explains the team that you should develop to have a strong foundation under you while investing remotely.https://www.biggerpockets.com/blog/core-four-real-estate-teamI’d be happy to connect and chat anytime!

We were interested in learning how to develop proper systems.