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All Forum Posts by: Raylicia Y.

Raylicia Y. has started 2 posts and replied 13 times.

Post: Where to start with a rental income property

Raylicia Y.Posted
  • Jacksonville, fl
  • Posts 13
  • Votes 1

Thanks for replying! But in a foreclosed auction, there is no such thing as getting an inspector to view the property. Which is why I am nervous about making the purchase. I dont have a prospective renter, but I do have a prospective property manager. They are very popular with low income housing in my area. That and craigslist. I will definitely scratch the accountant for now and get an attorney, simply because I dont to find out that there were liens on the home. I am unsure how that even works.

Post: Where to start with a rental income property

Raylicia Y.Posted
  • Jacksonville, fl
  • Posts 13
  • Votes 1

I am new to Bigger Pockets and have been listening to a few podcasts, reading a few popular books. But the situation that I am in now, I feel as though I should probably do even more research on how to start.

I found a property that I would like to purchase (by the way I will not be financing because it is through a foreclosed auction)

Is it too risky for my first investment? I currently have a contractor and an accountant. Would I need anyone else for my first property?

I have never seen people comment and complain about a tenant paying their rent in advance! By all means let her, and give her a thank you note. It is such a benefit to only have to worry about your utilities, food, and gas every month. I would suggest that you let her pay for the end of the lease if she has it. If she has the funds by next year, she will more than likely be paying the next year in advance as well.