You must create a lien on the property, which will be a Mortgage or a Deed of Trust.  

That network will prove valuable as I move to more properties. 5)- Create a LLC for your property.

Think back about the added value you created for OTHER investors over the years.

I bought my first home during the peak of the great recession and am now interested in making moves in the real estate in WA but in TX as well for SFH (3/2, 1,100 – 1,500 Sq ft)I joined BiggerPockets as a way to interact with like-minded individuals interested in the industry and hope to learn from many of you in the coming months. 

@Cody Zimmer, yes, the main reason people create entities is to minimize liability.

Cap rates come from closed sales that are analyzed by an independent professional third party.Crap rates are fictitious numbers made up by clueless individuals trying to scam newbie investors.There is no reason for you to be trying to calculate either.

I have a good number of buyers (I been doing real estate for a while) and I am slowly creating my marketing materials to get more motivated sellers. 

Looking to create a website.

Does anyone know of a lawyer in Albuquerque that has experience in creating trusts for real estate investors?

Hi all, I am new to the BP forums and intend to invest in the Montreal area over the next couple years.I would love to join a local REI group to share thoughts, plans, and even create a solid network base.If something does form I would also be joining (English or French).