And she was telling me the prices don't make much sense around the Seattle area so she is interested in the San Antonio market instead.

If it didn’t take a long time to generate that cash(1 year or less), I would consider doing syndication and wait and see how it went, while continuing to educate myself on local market conditions for an investment property.

We would handle the structure and property design, planning, permits, bids, sub-division (if needed) for the project.

I hope to connect with people in the community, learn how to shop investments, find markets, and all things CRE.

I am a seasoned marketer for Window Installers.

Hi,When considering investing out of state, is it best practice to find a local lender in the market I want to invest in?

Glad to hear you've decided on a market, have a plan, and budget in place!

Knowledge of local markets, state tax laws and being a real estate investor are all important in your search for a CPA.

How are you approaching funding your deals in this current market?

I have done this a few times myself and have a few basic recommendations:1) Make sure the seller owns the property free and clear and that it's very clear to both parties whether the arrangement involves a deed of trust or contract for deed2) If a balloon payment is involved, be sure to assess your ability to refinance and make that balloon payment in the future- optional extensions can help manage this risk3) Understand the tax implications if the interest rate is notably above or below market rates4) Get title insurance!