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fastfredracing fastfredracing is offline
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Join Date: Jul 2003
Location: Valencia Pa.
Posts: 8,864
Stay on top of them once they are rented, you would not believe the damage a single female with one child can do to your property. Get references , and call old landlords. There are a couple of really good books that I have read that helped tremendously . One is the section 8 Handbook, Geared more towards section 8, but tons of good info on how to set up your buisness entity, and stuff like that. I am also in with a partner, we set up our buisness as an LLC. and you only want to have maybe 3 houses under one llc, and then set up another. That way if something really bad happens to one of your units, ie fire/death, you cannot loose the rest of your properties. I am like you. I love fixing these old places up, but being a landlord can be a little challenging at some times. Good luck . I think for a person who is willing to put in a little, ( acutally a lot ) of sweat equity , this is a great buisness.
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Old 10-27-2008, 05:02 PM
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