Updated almost 7 years ago on . Most recent reply
Non Property Related Start up Expenses
Could anyone provide opinions or even direction/link on previous discussions within BP (I attempted to search already) on startup expenses to expect outside the obvious property related purchase/maintenance i.e. legal fees, websites, accounting, etc.
Have not invested in first deal yet, but expect to in the next 30 days.
I have a tendency to overthink/plan as much as possible ahead of time. How much should one have in place systems wise before proceeding with purchase. Do I need accounting/Quick books setup? Website, emails, etc setup, LLC? Cost wise i'ts not prohibitive by any means, but is it necessary?
I know it can vary on all sorts of factors, but interested in route others took either have all in place, or just jumping in and buying and dealing with it all as you needed it.