Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Goals, Business Plans & Entities
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply

User Stats

120
Posts
16
Votes
Carrie A.
  • Dubois, IN
16
Votes |
120
Posts

Should I form a LLC right away?

Carrie A.
  • Dubois, IN
Posted
I put an offer on my first purchase and it was accepted! It's a duplex 2/1. I'm nervous but very excited! QuEstion.... should I go ahead and form a LLC?

Most Popular Reply

User Stats

10,258
Posts
16,127
Votes
Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
16,127
Votes |
10,258
Posts
Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
Replied

I don't bother for little residential property with debt.  Too hard to get loans.

Unless it's a commercial property, you are rich or you are famous, I wouldn't.

I'm neither, but do have LLCs for my 5+ unit apts.  Hope this helps @Carrie A.!

Loading replies...