Lofty returns on assets with minimal risk do exist but they are swiftly picked up by local networks...leaving out of state investors with two real choices1)  Solid returns on solid assets2)  Great paper returns on questionable assetsNeither is wrong - but understanding that trade-off is crucial

We have a property in another state and the agent who sold us has become the property mgr and usually can find reasonable local trades for what we need.Keep 6 feet!

Let’s connect, trade success and failure stories to better enhance our direct mail.

I can get a bank to lend me 75% of ARV right now for 5.25 on a 5/1 arm on a 25 am.On the one hand I think about just keeping it paid off and having a nice cashflow source to help me leave my job but I also want to have a significantly higher net worth than where I'm at now and I believe that the way to do that is trading up to larger projects or venturing into a non rei based business with my partner.What would you do in my shoes?

This choice isn't' a false dichotomy between experience and deal, but rather more a trade off between two areas that are each required for a deal to be successful. 

In a lot of areas there are tax trade-offs (TX has no capital gains but has higher property taxes in many cities), (in my PA market the capital gains are low but the property taxes are high VS assessed value), (in MO where I invest the capital gains rate is alright as is the property taxes though there's a growing, solid economy here). 

Both Illinois and Wisconsin have complex laws dealing with this issue, and both have excellent state manufactured housing trade organizations.

You need more depth in your score and your one 1,500 trade-line, usually isn't enough.

You definitely don’t need a realtor, it’s just a trade off for time, effort, and knowledge.

To reduce or eliminate issues with lack of trust, by having a separate business with a separate set of books, you can give the books to all those involved so they can see what is going on and know how their share of the profits are calculated.I think you will have to find out about syndication and other stuff like this because you may run afoul of SEC or other trading stuff because it may look like you are running some sort of investment fund.