In this episode, we break down the true costs of getting started with remote real estate investing. We explore essential expenses like the 20% down payment, closing costs, and the often-overlooked costs such as property taxes, insurance, and management fees. We also discuss why having a reserve fund of $5,000-$10,000 is crucial for unexpected repairs and maintenance. Plus, we highlight the role of tax professionals, the importance of setting up an LLC, and securing the right insurance to protect your investment. Tune in to get a clear picture of what it takes to begin your real estate journey from afar.
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