If the dues are exorbitant or there isn't a clearly defined value being brought to owners, maybe pass on it, but I'd say by and large that STRA's are well worth what is usually a pretty small individual investment. 

I am looking to understand learn and invest in an around Lubbock TX.

Hello @Audrey Scott,You did not specify this in your post, but I'll assume that you want to buy an investment property.

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

I'm Michael Koski from Metro Detroit, passionate about real estate investing for the last several years.

I am new to Real Estate investing and looking  to connect with new  investors. 

Typically the only fee a lender will ask for is an appraisal fee, that is typically paid directly to the AMC though not the lender. 

They have remained at higher than typical levels for much of the year.

Instead of refinancing immediately, you hold out for rates to drop, which many economists predict will happen as inflation cools and market conditions stabilize in the coming years.Refinance when rates drop, extracting capital while maintaining cash flow at a similar level due to the lower interest rate.Repeat the process by redeploying the refinanced capital into new investment opportunities.This version of the BRRRR method is more of a long-term play, as opposed to the quick 6-12 month cycles many of us were used to.

We have agreed on a buyout price of $100K (initial investment) but he also wants me to pay all closing costs which was quoted $22K - That seems really high so seeing if this is accurate?