Hiring a Manager: Decide whether you'll manage the property yourself or hire a property management company.Tenant Screening: Develop a tenant screening process to find reliable renters who meet your criteria.Legal and Tax Considerations:Legal Structure: Consider forming an LLC or another legal entity to protect your personal assets.Tax Implications: Understand tax deductions available for rental properties, including mortgage interest, property taxes, and depreciation.Networking and Education:Real Estate Forums: Participate in forums like this one to learn from experienced investors and ask questions.Local Real Estate Groups: Join local investor meetups or associations to network with professionals in your area.Continued Learning: Attend seminars, webinars, or workshops to stay informed about real estate investing strategies and market updates.Starting with a rental property while keeping your condo as an investment is a great way to begin building wealth through real estate.

I can change the deeds for I think $35-$40 each, but was wondering if instead, I could just transfer my company/LLC to somebody via Will.

Thanks RalfRalf -I'm afraid you haven't given enough information here for me to completely and professionally answer your question.It depends on how the "company" is set up.If it's a sole proprietorship, then you would be technically lending funds to yourself.

Start with learning how to run comps, how to estimate repairs, how to find deals, how to negotiate with sellers, reading and understanding a purchase agreement, finding an investor friendly title company, having an attorney create an assignment agreement for you, contacting investors to put on your buyers list etc.

I'm a software engineer for a company called Accenture but I dabbled in underwriting multifamily on the side.

Hello everyone,I have had a Bakersfield rental for over 7 years and I am now in the 3rd peroperty management company.

Is that all that's required to from legal perspective?

The title company paid the investor $150,000 for the lot, or 10 times his purchase price 6 months earlier.4.

Act quickly to ensure the issues are addressed, and consider consulting with a lawyer if you need further legal advice.

Anyway, these two are in different states and are handled by property management companies.