He asked us a couple of times if we could afford to lose all our funds.

Each strategy has its pros and cons, and finding the one that aligns with your goals and preferences is crucial.Look into creative financing options beyond traditional mortgages.

You can do it.You can read about this journey and our specific case study in the book - Lifetime Tax-Free Wealth: A Real Estate Investors Guide to The 1031 Exchange.A couple of suggestions - 1.

I've been interested in out-of-state real estate investing for a couple of months, and Oklahoma City, OK has been on my list.

When deciding between investing out of state vs home hacking in Oakland, keep the following in mind.Oakland House Hacking:Proximity: Living in Oakland while house hacking enables you to maintain a close proximity to San Francisco, which might prove advantageous for property management and maintaining connections with the local market.Possibility of Appreciation: Property values in the Bay Area have increased historically, which is good for accumulating equity over time.Local market dynamics, tenant preferences, and potential obstacles might be simpler to comprehend when one is in a familiar location.Demand for Rentals: Oakland has a robust rental market, and you can discover good demand for rental units if you pick the appropriate property and location.Creating Local Connections: If you live in the Bay Area, house hacking can assist you in making local contacts with property managers, real estate agents, and other investors.Investing Out of State:Investing outside of your state may be more affordable and enable you to use the same funds to buy more than one property.A few out-of-state markets can have more favorable cash flow prospects in contrast to the pricey Bay Area market.Geographic diversity, which can help reduce risks related to market-specific variations, is made possible by investing in a variety of markets.Hiring a local property management business, which offers a more hands-off approach to property management, is often necessary for out-of-state investments.Remember, both options have their advantages and challenges.

Hello BP,I have a fourplex in Tucson that I bought a couple years ago now.

In San Antonio, I'm starting to see more homes go under contract within the first couple weeks as well as some getting multiple offers (which has been pretty rare for us the last 8-12 months).

Unfortunately you have a couple things working against you at this time..

A couple of facts: a) Not planning to sell it anytime before 5 or 10 yearsb) Planning to refinance it next year or so, after the renovations are overc) Planning to use the unit with backyard as short term rental- General contractor gave me a very high number.

Can you build a house of cards missing a couple of the cards?