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Started By
Message
re: Buying A Rental House?
Posted on 9/14/14 at 3:58 pm to bogart
Posted on 9/14/14 at 3:58 pm to bogart
quote:
I would rather not have to put down 20% but I don't know if that is possible. A 30 year mortgage would give me more cushion for maintenance and repairs then a 15 year.
20% will be minimum maybe more and 15 years is all my bank offers on a rental investment.
quote:
Do I need to form a company such as an LLC or just do personally?
No
quote:
Do I need to have an umbrella insurance policy in case a tenant sues me?
I would
quote:
I was planning on hiring a property management to handle everything related to renting the house because I don't really have the time or experience to do it properly.
You were already gonna have negative cash flow if you manage it yourself. This deal will cost you a lot of money.
1
Posted on 9/14/14 at 9:46 pm to yellowfin
quote:
You were already gonna have negative cash flow if you manage it yourself.
Huh?
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