Scaling my real estate business

[Dominic Books]

I have my LLC and property in WI. I acquired a 60 k heloc loan and I'm interested in scaling my business even though I don't live in WI anymore. Looking for guidance and advice.

[G. Brian Davis]

For scaling, you could look at strategies such as  joint ventures with local partners who can handle on-the-ground management. Another option is using professional property management to make remote ownership more practical. Tax implications are also key. Since you no longer live in Wisconsin, you may face state income tax considerations both in your new state of residence and Wisconsin, especially if you generate rental income or take deductions on the Wisconsin property.

You could also explore passive investing with partners in larger properties to grow without managing everything yourself and these don't have to be local. I know a lot about this type of investing if you ever wanted some guidance.