It is a good community to network and learn about all aspects of real-estate investing.

It is a good community to network and learn about all aspects of real-estate investing.

Look at the contract for the purchase, representations and warranties and can the seller back up those aspects?

It is a good community to network and learn about all aspects of real-estate investing.

Not that I am in that space (yet) but am reading the Millionaire Mind and just finished the Millionaire Next Door, both by Dr Tom Stanley (RIP)An interesting aspect of the millionaires he queried (avg net worth of $4.2M in 2000) was that they were risk takers, but not gamblers.  

I've heard some people say you only need a little skin in the game if you're managing everything (again not as a PM) and you can split some aspects 50/50.

For example, Oracle is building a next-generation technology campus 5min from downtown, and plans to increase their Austin team by 50% over the next few years.There should be tons of safe growth with REI, at least for the foreseeable future.

I am looking to purchase my first property and I was wondering if other than the liability aspect, if it is necessary to register as an LLC? 

It is a good community to network and learn about all aspects of real-estate investing.

It is a good community to network and learn about all aspects of real-estate investing.