I also host a local real estate meetup in Worcester, it's a fantastic opportunity to meet other investors, lenders, contractors and potentially find deals.

It really depends on the neighborhood, the type of tenants you have (and can attract) and what the financials look like on whether this situation was worth it ten years from now or not. 

Option 1 will require experience and is just there for illustrative purposes, 2 and 3 (in the absence of experience owning CRE) will require that the borrower be local to the property (if you want the best financing available on your first rodeo, stay local and stay turnkey, your lack of CRE experience is offset by your presumed local neighborhood level knowledge, etc, you can get fancy & still get good financing once you've got local & turnkey property #1 under your belt).

So, choosing properties that attract reliable tenants is the critical success factor.

It was an attractive building but there were not any photos of the inside.

We are here to help each other grow.Get as much knowledge and experience as possible and find a mentor.Join real estate investment clubs.Get in touch with a local agent or investor and shorten your learning curve and save you a lot of headaches as they tend to understand the market better.All the best!

I’m focusing on virtual and will eventually start focusing in my local market NYC.

Generally though, more protection is better than no protection.Also, I live and invest in the NWI area and I can refer you to a local attorney for LLC questions or help point you in the right direction.

Our mission is to empower local entrepreneurs and investors to transform underutilized properties into awesome community assets that benefit all.If you send me a DM I can share more about our courses and free webinars.

It's been a game-changer, allowing us to respond faster to inquiries and provide clearer instructions and local recommendations for our guests.Automation has truly transformed our business, making it more efficient and improving the overall guest experience by leaps and bounds.