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Updated about 10 years ago, 12/09/2014
out of state investing
Hey all,
I live in NYC and is a beginner REI looking to do out of state investing in SFRs in the 100-140k range. What steps do I need to take in order to get started? should i contact a agent first then lender or another person? For financing can I use a small bank lender from NYC or is it better to use a local lender in the state im investing in?
After conventional financing I'm planning to make a llc to protect my personal assets but I heard that banks wont lend to a corp. if thats true how else can i protect my personal assets?
I believe the people I need for my team are as follows:
My business team
Attorney
Accountant
My property search team
Real Estate broker
Property manager
My Offer team
Attorney
Lender/Mortgage broker
Contractor
Others:
Appraiser
Insurance agent
Property tax consultant
IS there anybody i'm missing or don't need?