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Updated almost 7 years ago on . Most recent reply

Hello bp new to real estate could use some advice
Hello all,
I am new to the investing world I have read books, joined investor groups in my area 757 but at the moment I feel like i am stuck my plan is to rehab then eventually move into rentals to establish wealth i would like to rehab my first property with in 6mos. i was told i can't start rehabbing unless i have a LLC then i was told just get a check first and worry about the LLC later if anyone have any info or advice iI would love to hear from you
Most Popular Reply

Marvin, the first step is to learn how to evaluate properties. Without this all other steps are mute. You need to be able to look at a property and determine what it would cost to renovate and what it would sell for after renovations, then you can determine if the purchase price is a good deal. I would practice by evaluating a few dozen properties to get you comfortable with this process and then you can move on to later steps. Good luck!