Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Commercial Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 12 years ago,

User Stats

40
Posts
1
Votes
Raj Kumar
  • Investor
  • Herndon, VA
1
Votes |
40
Posts

Important Steps after buying an property???

Raj Kumar
  • Investor
  • Herndon, VA
Posted

I just signed an offer(foreclosure) for a 9000 Sq ft office/warehouse bldg in Myrtle beach, SC and I live in the DC suburb. I am a newbie and just pulled the trigger. I am trying to figure out the next steps(I do have the cash to close on the property).

1) Form an LLC in South Carolina -
a) do i do it myself or with an attorney?
b) Can I have mailing address of the company to be my DC address, so all correspondence come to me?

2) Finish the closing (around Aug 15th)
a)is it better to have my own closing agent or to do it with the auction company's closing agent?

3) Get Liability Insurance

4) Hire a property management company

I know I am missing many steps, Please chime in... Also if any of you know a good and reasonable real estate lawyer and a property management company in Myrtle beach, SC

Thanks in advance for all your help.

Loading replies...