A lot of out of state investors reap the upside potential of the Nashville market (and protect themselves from some of the downside) by investing in the high-growth (yet moderately priced) secondary markets near Nashville (i.e.

I'm interested in renting out rooms and would like to know what provisions are people including in there leases to protect themselves and their tenants.

With conventional financing on a primary residence, you can put as low as 3.5-5% anyways.LLCs are more for liability protection over tax purposes.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

LLC is mainly about liability protection.

And on top of it, you have a life insurance to protect your family in case of early demise.If it was so bad, why would so many sophisticated investors using them?

We have a 14-page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

Good old Uncle Sam.For most folks in the US, taxes are anywhere from 30-50% of their gross income every year.To protect yourself, you should do 2 key things.1.

In my research, default rates are pretty high amongst 401ks loans. 5) If you leave your employer and want to rollover your remaining balance to an IRA to be able to invest in real estate, known as a self-directed IRA, you have to either A) Payoff the loan first, or B) When you rollover funds, the loan balance will be immediately distributed to you, thus taxes and penalties, and you forfeit all that tax-advantaged money back in the account. 6) 401ks are generally covered under federal ERISA rules, which affords you additional creditor protections, from outside of the 401k judgments.

During the mortgage crisis i worked as a loan officer for a very short period , in that time frame i saw how shady that part of the business was, customers where signing documents blind and for that very reason most lost their homes, everyone was taking full advantage of the situation and trying to get a wealthy as fast as possible before the party was over.What i dont like working with loan brokers/officers is that there is a lot of jargon in their paper work that they only understand , i wouldnt want to get stuck in bad mortgage deal .