This is the most complicated piece because you are essentially the mortgage originator (which might run into licensing concerns depending on how many times you do this and your state), and you need to make sure the person who is buying is a good borrower.3) close with a title company or lawyer (state dependent) who knows how to deal with this type of transaction4) set up an account with a servicer to collect the money from the borrower (not required, but highly recommended from note buyers)5) collect payments

I already have an Equity Trust account with an old Roth IRA but they do not offer checkbook control.

The book introduces the Entrepreneurial Operating System (EOS), a framework designed to help businesses clarify, simplify, and achieve their vision.We use it for vision alignment, goal setting, & accountability.

It's one of our core three: Manage Right.I think starting to look at your weekly rhythms and your cadence of accountability is a good start.Gino

Thank you Account Closed!

The most difficult part is doing the accounting.

According to accounting firm Deloitte Private, the number of single-family offices, or in-house investment service firms of families with a net worth of $100M+ is expected to rise nearly 25% from 8,000 to 10,720 by 2030.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

And what would be the things needed and take into account to buy a first rental property?

Rent collection and expenses can be managed through a separate business bank account under the LLC, even if mortgage payments remain personal.