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Updated almost 2 years ago,
How do you know you are taking the correct steps?
I have been doing research on different markets and have analyzed a lot of deals. My only problem is how do you know you are doing the right thing when picking a potential property. I know following the numbers and letting them make sense is an important factor.
My main metric is CoC return, just simple, how much is left after all the expenses. I am in a partnership with 3 other investors.
We have so many questions, do we go high down payment or stick with 20%? Do we form the LLC first or form it after buying the first property. What should be the structure of the LLC? How will we qualify for a potential property? We have weekly calls but always come back to these questions.
Anything helps.