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Updated about 10 years ago, 12/09/2014

User Stats

33
Posts
3
Votes
Jack W. Wong
  • Flushing, NY
3
Votes |
33
Posts

out of state investing

Jack W. Wong
  • Flushing, NY
Posted

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?

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