Buying 1st investment home

[Dennis P.]

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!

[James Austin]

You may also want to look into Property Management Companies, unless you want the late night phone calls for minor issues.