Under Contract.. Now What?

[Michael Conte]

I am recently under contract on my first buy and hold investment and all of my research got me to this point but i never learned about this current phase of the experience. I figured it would be one of those things you would only learn by doing. 

I am buying the property with private financing and I am inheriting the tenant. 

My agent has already reached out to a lawyer for me and is setting up an inspector as well. 

I would like to set up an llc and eventually transfer the property over to that as i know it will take some time to set up. 

I hope i have provided enough information for feedback. I am just wondering what my next step is this process should be. TIA!

[Eric Trostle]

check out this recent article by Matt Faircloth to see if it answers you question about LLCs

The Pros & Cons of Using a New LLC for Every Property Purchase