Are people holding on to their money or are they feeling good about the future?  

OR it may be the spark needed to build out your next RE revenue strategy.  

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...

That's a relationship you should hold close as they could really help with future challenging acquisitions that are viewed less favorably by banks.

Always formalize the agreement in writing to define costs, profits, and contingencies clearly.Let me know if you need help structuring the deal or exploring funding options.Best,Drago

@Jamie ParkerAppreciate the effort and plan you are taking - it part of every plan is to re evaluate to move forwardHow much time have you spent compared to how much have you made?

Everything seems to work as is for the time being, but I'm budgeting for the roof and furnace replacement in the near future. 

MLS 525k Was original list and I got paid my RE commission How did you finance this deal?

If not, re-check everything - listing, photos, rates, booking policies, etc.Often, newbies have rates that are too high and/or booking policies that are far too onerous.

Leveraging the equity from your house hack for future investments, whether in STRs or larger multi-family properties, is a strategic plan, but ensure your initial property performs well before taking on bigger projects like flipping.