Need some beginners advice

[Hunter McCook]

So I'm 23 and I live in Augusta Ga. I lost touch for a little while but I finally have a good sum of money to put down on my first house. I'm trying to absorb what I can like a sponge to learn. I'm young and My goal is not to quit my job but to get to the point of where I have that option if I wanted to. My job is great it pays well but I've always wanted to be a business man. It's rare but I have trulia and Zillow on my phone and houses that have been rehabbed at a low price rarely pop up. It meets the 1% rule in a decent part of town but then it changes to pending within days. I always think man what another missed opportunity. I came here today to ask a few questions. 1. To get into real estate do I need an LLC? I plan to do the buy and hold strategy. I've read putting it in your name and getting a umbrella policy was a another option. 2. Is there more to the 1% rule? I've mostly been eye balling properties on how they look (condition of the house) looking up average rent in my area and seeing what the sale price of the house is. 3. How do I get my full team together real estate attorney, plumbers, electricians, (contractors in general) for future repairs when needed. 4. I've read the tax advantages are great but would it be recommended to get an accountant when tax season rolls around or try doing them myself. I looked into getting QuickBooks to keep track of my expenses.

Sorry for the long post but any advice is great. I’m trying to jump in this now because the longer I wait the more money I’m missing out on. Thanks!

[Deborah Burian]

@Hunter McCook , just FYI, Augusta has a pretty active investor group, it's called AORE (Art of Real Estate Investing.) I am not affiliated with them in anyway but they have some smart folks and if you google it, their meetings should turn up.