Ultimately, your decision should align with your comfort level regarding your finances, personal needs, and the housing market outlook.

Thorough vetting is absolutely essential in private lending to mitigate risks and protect your investment.Here are a few additional tips to enhance your due diligence process-Assess Their Exit Strategy: Whether it’s a flip, rental refi, or sale, make sure their exit strategy is realistic and aligns with market conditions.

A balanced approach, combining financing with a cash reserve for stability, maximizes tax efficiency, inflation protection, and aligns with your goal of retiring sooner.This post does not create a CPA-Client relationship.

These details will guide how much you can build and where.Engage with Municipalities: Start conversations with local governments early to ensure your plans align with their expectations.

Eventually, with time and experience, your knowledge and confidence begin to align more realistically.This concept is incredibly relevant to real estate investing.I encounter this often: an investor seeks advice but quickly tells me how much they already know.

The caveat is to make sure the passive investment you choose aligns with your goals and it’s a good investment. 

Prioritize cities aligning with goals while considering quality of life.Good luck!

Check their terms and fees to ensure they align with your needs.

Once you’ve got that down and want to keep growing, you can start looking at out-of-state investments if they align with your goals.Best of luck with whichever direction you decide to take!

Ensure you research local market conditions to ensure your fee aligns with property values, usually aiming for $5–$20k or 5–10% of the property’s ARV.