I am about ready to just manage myself from out of state and have a couple of local handymen help me out when things come up.

I would add to this one pound into you the good relationships you have with the contractors and agents in your area will be your best and most helpful relationships.

If you like the home, area etc, you could refi and pull out the same amount of money.

Hey y’all,

I’m a retail investor with 2 SFH rentals worth a combined ~$650k looking to utilize some of my stored equity to buy more out-of-state properties, but I’m not quite sure how best to proceed given that my...

The amount of equity I call pull is less than the cash I have but not significantly less.When doing this analysis it struck me that it may not be worth using a HELOC for the simple fact that the interest rate is ~9%* while the funds in my high yield account are only yielding ~5%*.

The loan is 12 months, pulls twice a month, the interest is minimal because I'm paying it off so fast. 

Hope this helps, and good luck with your first property!

Quote from @Michael Rodriguez: Howdy fellow Memphis investors,Any ideas for protecting thieves from pulling out the HVAC copper pipe? 

They used to offer exclusive properties but now it appears that they are pulling MLS listings and will connect you with an agent.

Pace also rug pulled many of the people who helped him build his program.