My best advice when diving into investing out of state is to find a realtor who can easily plug you in with their systems and network of  lenders, GCs, PMs, etc.

Based on what you’re looking for—keeping business and personal finances separate—using a DSCR (Debt Service Coverage Ratio) loan might be a great fit for your situation.Here’s why DSCR loans could benefit you:LLC-Friendly: DSCR lenders typically allow the loan to be taken in the name of an LLC, so you can easily transfer the title to your LLC and keep the property separate from your personal finances.

On paper, it's a good asset with a good rate to work off of, but thinking you can easily convert both units to 3-bedrooms in Queens is a mistake, one that could cost you.

I went to court and lost of course.My first question is are you in a state where you can easily jettison the guy if you don't want to continue?

We ended up closing at 240, but I believe we could have easily gotten 260 if we had listed at 249 and created a bidding war.I hope this helps!

This past summer was our first year, so to test the market we had a 3 day minimum, and we filled every weekend with 3-5 day stays easily but we had holes in the midweek.  

Like others, I sniffed out the fake title company pretty easily.

A lawyer can easily find out how much equity you have and with more equity you are a more attractive target.Thanks for the input, Bruce!

There’s simply no room for mistakes that can be easily avoided.Did this article help you?

But again easily avoided by a $1 skiptrace or $30 credit check