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All Forum Posts by: Simon Huber

Simon Huber has started 16 posts and replied 28 times.

Quote from @Nathan Gesner:
Quote from @Simon Huber:

You don't need all those people, just like you don't need an LLC, business cards, a website, etc. Many tools mentioned are for people with more rentals and more experience.

You need a REALTOR to help you understand the market, find properties, write contracts, negotiate, and stay out of trouble.

You need a lender.

You may need a Property Manager to help you manage the property, but that depends on your time available, willingness to learn, ability to deal with people, and other factors.

You will eventually need a handyman, plumber, electrician, and other professionals, but you can definitely wait until they are needed.


Can I find a realtor here on bigger pockets? And what should I offer them, so they work with me? Is there like sort of a pattern or so? Thanks!

Get rolling … I hope so, yes. First I need a bit of money I guess.

Amazing, thank you so much!

Hey!

I am currently reading “The Book on Rental Property Investing” and I came to the section where Brandon explains all the different people I need for my real estate investing team. 

My question is, if I require all these people like CPA, Accountant, etc. right from the start, because if I have to pay all these different people, this is a lot of money I need to spend. What are the most important, which make the non-negotiables and should be on the team right from the start and which can I add later?

Thanks for your guy's answers!


Regards

Simon HUBER

Post: Is there a risk with the loan?

Simon HuberPosted
  • Posts 30
  • Votes 6

Got it, so all in all....forget this thought of mine! Thanks for the answer, appreciate it!

Post: Is there a risk with the loan?

Simon HuberPosted
  • Posts 30
  • Votes 6

Ok, got it. Thanks for the info!

Post: Is there a risk with the loan?

Simon HuberPosted
  • Posts 30
  • Votes 6

Hey guys!

I wondered yesterday, while reading "The Book on Rental Property Investing", if there is a risk with the loan I take. As there is the rental property as a security for the bank, can't they just take the house in case I can't pay off the loan any more, leaving me with no risk at all, only losing the money I put down?

Please tell me if I think wrongly here!

Thanks!