Planning to invest in Research triangle are of NC for rental.3.

If there is a due on sale clause in the loan doc then it doesn’t matter what the loan officer told you verbally.I’m not an attorney, but from my understanding of the loan is still in your name personally a good litigator can pierce the veil and your LLC protection wouldn’t amount to much.

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Do you have a personal connection to either of those cities/markets?

PLUS, you are 10x more likely to cause a loss personally from a car crash, a pet bite, an injury at your personal home, etc etc.

@Brice Alef-TorrisiHaving one checking account per property is an excellent way to keep your property finances separate from one another and your personal finances.

By doing research we discovered that 1.0 acres was sold off in the 1960s and never caught by the assesment office, so the tax bills were too high for 40 years. 

I use quicken for personal and WAVE for my businesses.  

I’m currently doing research about up and coming areas such as this post as well as looking for local groups.

Purchase price: $1,300,000 Cash invested: $130,000 Sale price: $1,650,000 We work with an investor who purchases the house and secures a deed in his name.