He noticed my SSN and a ton of other personal info was missing so the only questions he asked me were if I could fill out everything for him and if I could follow directions.

So much info it is a little overwhelming but I am listening to podcasts daily plus trying to read more blogs and forums.My short term goals are as follows for now until I exceed them.I will buy my first investment property before the end of 2018.In 3 years I will be making 5k in passive income.In 5 years I will be making 10k in passive income.Ideally I would like to find some local people I could help and learn from.

I was wondering if anyone has any thoughts or has done the following: I should be purchasing a home at the beginning of the 2019 - out of state, and I wanted to also concurrently start a small property management LLC as I purchase the home.

@Justin Morgan if you have a physical office, it’s easy to set up all of those coverages with a single Business Policy.Once you hire employees, you will incur risks that can be handled with the following policies;Crime Employment PracticesWork Comp

Rehab holdback of $42,500.Loan Term: 12-month interest-only balloon note.Payments: Interest-only monthly in arrears with balloon paymentat maturity.Interest Rate: 9.99% fixed interest rateCollateral: A first priority lien on Borrower’s fee simple interestin the Property and the improvements thereontogether with any personal property owned byBorrowers related to PropertyPrepayment Penalty: noneLoan Fees: The following fees shall be due: (1) 3.00 points, pluscustomary underwriting, processing, legal,administrative and site inspection fees to (**) at closingof the loan; (2) $50 application fee due upon signing ofthe term sheet.

Send email offer letter to seller listing the following next steps a.

My tenant, who is moving out in about a month, has asked me to complete the following repairs.

Any ideas on which guru has the best checklist I can follow?

What would be the procedure I'd need to follow?

Generally, owner financing deals are much more lenient because they don't have to follow Fannie / Freddie guidelines as they won't sell the note.