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Updated over 10 years ago on . Most recent reply

User Stats

120
Posts
24
Votes
Brandon Duff
  • Investor
  • Dallas, TX
24
Votes |
120
Posts

First Property in Escrow! Now what?!?

Brandon Duff
  • Investor
  • Dallas, TX
Posted

Hello! 

So I have my first property in escrow which is a SFH, it's cash flowing about $154 a month.

No HOAs so no surprises :-) 

So once this property closes my friend/client says he will PM for me. ( he flips houses in the area) ( I am an out of state investor ) 

He drives to california every week to workout with me.  

Should I have him look over my property and then down the road look over multiple properties or just hire a PM company ( he would charge me less and I know he would be on top of the stuff)

My goal is to get into two properties this year before me and my fiancee get married. Is it best to put the properties in a trust even with one property or wait for more? I love my fiancée very much and she is an amazing person but since I will be the sole purchaser of these properties, I want to protect them or if I were to ever get sued. 

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