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All Forum Posts by: Mike Rodriguez

Mike Rodriguez has started 7 posts and replied 22 times.

Post: Extreme Noobie to Real Estate

Mike RodriguezPosted
  • Posts 22
  • Votes 0

Thank you for your feedback @Scott Passman ! Greatly appreciate it. Just have a couple more questions.

1. When do you get insurance for the property?

2. What is title insurance? What is a title company and what do they do?

3. Let's say I'm looking at foreclosures on Zillow. How do I know of any liens I'm assuming  and if the title is clear?

4. If buying a property with a mortgage still on it, does this affect me?

Post: Extreme Noobie to Real Estate

Mike RodriguezPosted
  • Posts 22
  • Votes 0

Hi All! Super new to real estate and thought this would be a great first step to join BP! I would love for someone to provide me with more information on getting started as I'm somewhat lost on how the order is to do this.

1. When looking at properties, do I decide first my goal (rental or flip)? Or do I look at the property and then decide? 

2. After looking at a property I like, I start searching for financing?

3. At what point in the buying process am I supposed to know if I'm putting my property in an LLC or not?

4. What happens after a offer is accepted?

Looking forward to feedback, I know it's generic but I would really appreciate some help!