Brand brand new Investor! out of the package

[David Gonzalez]

Hi, my name is David I live in Denver Colorado and really want to get started investing. I have been reading some blogs on here and am really excited. I was thinking I would like to start of by buying my first SFR and rehabbing it for me to live in. I will start sending direct mail out but have no clue on whether to set up a structure like a LLC. Should I contact a lawyer and CPA before I even get started, just in case a deal presents itself. I really don't know if I would have to get a hard money loan, rehab and then get a conventional loan ? My goals are to start rehabbing homes, that's why i would like to do it to my first home, then move on to rentals. My dream would be to own multi unit properties, but i have to start somewhere. I would love some recommendations on books that offer ideas on creative financing for bigger multi unit properties. This is my first post and i would love to hear any piece of advice, i have seen the forums and there seems to be a lot of smart people on here. Anything helps, Thank you.

[Nate Wightman]

go talk to a credit union and get signed up... then see what kind of loan they will give you... keep your credit score clean and save every penny... if you eat a McD's once every day it costs you $2550 a year. 1 starbucks a day another $700.... pack your lunch and make your own good coffee. don't think you need an attorney for your first house or a LLC. good luck