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Key Rules For First-Time Homebuyers And Investors In Real Estate

Monday, April 25, 2011 - 5:40 AM
For those considering real estate investments, the famous consumer advocate, Clark Howard offers several tips in his show notes. Here's an excerpt:
Expect to pay cash upfront as an investor. If you're in a buying group, my rule is everybody puts up cash to buy and everybody puts up reserve money. Have a written partnership agreement. You may consider an LLC or an LLP depending on your state, but the basic idea is to have a written agreement to govern ownership and management and who has each responsibility in the partnership.

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Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
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