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To buy your first investment property, you must assess your financial readiness, thoroughly research a target market, secure financing, conduct due diligence, and plan for property management. You can choose a strategy like "buy and hold" for rental income or "fix and flip".

To buy property with an LLC, you must first set up the LLC, obtain an Employer Identification Number (EIN), open a business bank account, and create an operating agreement. Then, make an offer on the property in the LLC's name and close the purchase under the LLC's ownership. It is crucial to understand that financing can be more difficult with an LLC, and transferring an existing property may trigger a "due-on-sale" clause on a personal mortgage.

To buy property with delinquent taxes, you must first identify the local system (tax lien or tax deed sale) used by the county and then research the available properties through the local government's tax assessor or treasurer's office. Participate in the appropriate public auction or tender to bid on the lien or property itself. Thoroughly research the property for other liens and required legal steps, and consult a real estate attorney before purchasing, as the process can be complex and other liens may exist.

To buy property with an LLC, first establish the LLC by filing with your state, get an Employer Identification Number (EIN), and open a separate business bank account. Next, use the LLC's name on the purchase agreement and close the transaction, ensuring the deed is held in the LLC's name to protect liability. Financing is more challenging as many traditional lenders do not provide mortgages to LLCs, so you may need to use cash or alternative financing options.

To buy property in Spain, first obtain a Número de Identificación de Extranjero (NIE), open a Spanish bank account, and then find a property and make an offer. After your offer is accepted, sign a reservation contract, conduct due diligence, and secure financing if needed. Next, you'll sign a pre-purchase contract (Contrato de Arras) with a 10% deposit, followed by the final public deed of sale before a notary, where you'll pay the remainder of the price. The property must then be registered in the Land Registry.