Real Estate Investing LLC Formation
I'm a man that values structure and stability so eventually I would like to set up an LLC for my real estate business. ideally I'd like to have a series of LLCs - ironically called a Series LLC (du bum tss) - so I'm glad that Ohio finally acknowledges the usage of the Series LLC...but when is the best time to set all of that up?
I want to get my first wholesale deal out of the way and use the profits to setup my business structure, pay for any tools and resources that I need & want, etc.
My plan is to setup my general LLC and any SFR & MFR that I plan to purchase for would fall into separate LLCs that would be serialized into the main LLC.
I guess I'm just looking for some guidance in this arena. Let me know if my plan is on the mark or way off course.