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Updated 9 months ago on . Most recent reply

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Brandon Clark
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In Escrow on first deal... best practices for what's next?

Brandon Clark
Posted

My wife are in escrow on our first rental property purchase (in the Columbus, Ohio market) and are underway with inspection, finalizing the loan, getting quotes on homeowners insurance, interviewing property managers, etc. Are we approach close over the next month, and in the time after, what are some best practices for us to consider? I'm thinking potentially tax, liability, etc. but would love to understand specific steps people would recommend for the hours, weeks, months, and beyond. 

Thank you!

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Samuel Diouf
#4 Out of State Investing Contributor
  • Real Estate Agent
  • Columbus & Cleveland, OH
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Samuel Diouf
#4 Out of State Investing Contributor
  • Real Estate Agent
  • Columbus & Cleveland, OH
Replied

I would make sure to connect with an investor friendly accountant to understand the tax benefits you may be able to pursue. 

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