If you change your mind you’ll have some basic classes under your belt or if you decide to incorporate another field of study with your real estate such as finance, all the better

Most lenders rely on a third-party valuation to inform loan amounts.Internal valuations are more nuanced – they incorporate a wide variety of inputs and vary from investor to investor.

@Lisa EckmanGreat question, the current requirements are: - Articles of Incorporation- Company’s Operating Agreement - Purchase Contract - Itemized Rebab Budget (If renovating) - GC License & GC insurance - Color Copy of Guarantor ID - Home Owners Insurance Policy (Due at Closing) - Certificate of Good Standing from Secretary of the State - Application- Appraisal (by 3rd Party) - Optional (Sketches depending on rehab work)

Where you have to do your research is if utility bills are paid off.In Marion county, for example, all bills and liens are taken care of.In Johnson county, however, some small towns [like Whiteland] are not incorporated and can't put the utility bills as a lien and the buyer is responsible for them after the sale [ask me how I know this!]

@Brandon Moffitt we are cash buyers, so I will definitely make a point to ensure that our realtor is incorporating that into the deals.

You can finance properties that are Incorporated or in an LLC but you will have to use a commercial lender.

I've attempted to do my own analyses, but nothing I've used incorporates depreciation, taxes, any holding costs, and so on.

Looking back I should have pushed for the construction costs to be incorporated, but given this is my first property the bank was cautious to hear about too big of plans.

You'll need to contact a few PMs in your market and understand what their fee structure is, and then incorporate that into your financial analysis.Hope this get you off to a great start!

Some TK marketers like to create the false narrative that Brrr investors always do all the physical labor or every rental needs a full rehab.