Investor · Tri State Area · Member since 2018 · 107 posts · 24 votes
I have been examining deals for weeks to try and get the feel for how to be successful in REI. However, these are some questions I am having because it seems very important.
1. Does my lawyer, CPA, Insurance agent need to be local to my state? I live and operate in separate states which i believe are extremely different.
2. Are these people mandatory to have in place before I even attempt to make an offer on anything?
3. What kind of annual expense do these three garner? I have not budgeted for them in any of my deals, and it seems like that would be pertinent for me to do so.
I have been examining deals for weeks to try and get the feel for how to be successful in REI. However, these are some questions I am having because it seems very important.
1. Does my lawyer, CPA, Insurance agent need to be local to my state? I live and operate in separate states which i believe are extremely different.
2. Are these people mandatory to have in place before I even attempt to make an offer on anything?
3. What kind of annual expense do these three garner? I have not budgeted for them in any of my deals, and it seems like that would be pertinent for me to do so.
Get a deal in writing first, then worry about all those other things. The hardest part is finding a good deal. Lawyers are a dime a dozen (oops, didn't mean to insult anyone) ;-)