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Updated over 8 years ago,

User Stats

49
Posts
5
Votes
Dennis P.
  • Katy, TX
5
Votes |
49
Posts

Buying 1st investment home

Dennis P.
  • Katy, TX
Posted

Hi there,

Never owned a home in the States, getting to ready to buy one in a small city near a university with the plans to rent it out to female students. I am investing out of the States. Here is what I am doing, and I would love to receive feedback and recommendations.

- getting an LLC, the secretary will do the work, should I still give him Power of Attorney?

- looking at 15 years and 20% down, PenFed seems like the lowest, also checking out Schwab,

- for houses, looking through trulia and zillow, PenFed also recommends an agent, which results in discounted fee;

- will be reading Landlords and tenants section.

What was helpful to you when you bought your first house?

Thanks!

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