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Updated almost 8 years ago, 01/10/2017

User Stats

5
Posts
1
Votes
Sophiep To
  • Orlando, FL
1
Votes |
5
Posts

Newber in Orlando

Sophiep To
  • Orlando, FL
Posted

Hello,

I am new to real estate investing. I found my first duplex. I am still trying to piece together the law side of it versus the financing side. I am approved for an FHA loan and looking for the next steps. I read I should get a trust, an LLC, a CPA, lawyer, lender, broker (which I'm confused if they are not related to the lender?), and a realtor. I guess I am trying to figure out what is best for each of the items listed. For example, a trust - what type of trust?; LLC - what type? I heard I should get a Delaware LLC. etc. I also don't know much about how to handle rents... which type of bank accounts, etc. Any feedback/advice would be great!

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