Advice on Entity formation and Financing
Hello all,
I reside in CA, but am preparing to invest with a friend of mine on a property in Houston. I also plan to make a couple of investments this year in St Louis and elsewhere. My eventual goal is to hold a portfolio of small multis for cash flow, but will likely invest in a few SFRs on the way to getting there in order to learn the ropes.
I am eager to get started the right way and I am posting here on this esteemed group to get some specific advice and referrals on entity formation and related topics - i.e.
a. series LLC vs traditional
b. California LLC vs NV or WY LLC,
c. how to hold title
d. how to obtain financing
Since I joined this forum (and before) I have researched and read a ton of posts on this topic, but each forum post had general thoughts and suggestions (and sometimes conflicting thoughts) but no definitive advice. I realize it is a complicated topic and each individual circumstance is unique and probably requires professional advice. So any referrals for attorneys would be greatly appreciated.
I apologize in advance for any forum related transgressions ... still learning the protocols here.
Best
Pramod