Creating an LLC before purchasing your first investment property isn't essential, but it provides liability protection by separating personal assets from property risks. 

And yes, you need to find a way to handle them.  

A house has come up for sale next door to one of their existing houses, and due to the convenience that would provide from an operational standpoint, they want to open up shop there.  

How did you find this deal and how did you negotiate it?

Then find a reliable VA lender that can help you max your benefits in the best way.

Finding private money lenders out side of that takes time as you need to build your relationship with them so that they know, like and trust you AND they know you have experience in real estate.

If the tenant causes damage to the property, does builders risk provide adequate coverage?

No problem right.So what do you do when you find out the borrower is in prison and the 17 year old daughter who is a junior in high school is living in the property and she is trying to find a place to live with a friend and needs an extra 3 weeks.

If you can't find what you're looking for, try the Bigger Pockets Fileplace.

Hello everyone,I find myself in a challenging financial situation and would greatly appreciate any guidance you can offer.I have a pending income tax payment of approximately $200K for the year 2023, due by September 10.