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Updated over 8 years ago,
Dallas buy and hold 1st time investor need advice
Good afternoon,
I'm new to investing in the Dallas area and have great credit and want to buy, hold and rent property to create an income stream. If someone could give me advice on where to start with the below 3 I'd be very grateful:
- find a lender with good rates who will let me setup structure under LLC/Trusts etc. I've called 2 banks so far and when they do Fannie Mae loans any structure other than personal is out of the question. apparently.
- figure out which property is the easiest to find tenants and most profitable in the area to rent, how to locate it and successfully purchase it with financing (non cash deal).
- I was thinking about doing more short term / furnished places listing on AirBNB & VRBO etc. because my guess these rates would be better than more long term but could be wrong?
Any info would be good.
Thank you,
Chris