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All Forum Posts by: Account Closed

Account Closed has started 10 posts and replied 23 times.

Starting Out

Post: Starting out question

Account ClosedPosted
  • Cleveland, OH
  • Posts 27
  • Votes 11

Sounds good. When you were all starting out investing in real estate did you file for an LLC business? I heard you should do that to protect your own assets.

0 Votes
Starting Out

Post: Starting out question

Account ClosedPosted
  • Cleveland, OH
  • Posts 27
  • Votes 11

Thanks for all the info! Sounds like property management companies are the way to go. I will be busy working and doing other things that I won't have time for it all. What were your first properties and how did you find them/finance them? 

0 Votes
Starting Out

Post: Starting out question

Account ClosedPosted
  • Cleveland, OH
  • Posts 27
  • Votes 11

Hello all, 

I am new to the site and to real estate investing. I am not going to be investing soon as I am in my final year of college. Once I land my career and get a house, then I will be investing. 

A question I have is what are the draw backs of using a property management company? I realize they take 7 to 9 percent monthly but doesn't that still leave you with a decent chunk of profit? And you won't have to worry about advertising, screening tenants, etc? 

Once I start investing I would like to start with a small apartment of some sort. Please let me know what you guys think! 

Thanks 

0 Votes