To Form a Business Entity or not

[Dane Fenner]

Hello BP,

I am beginning me real estate investment career and I wanted to know if I should create a business entity or not.

Recently I have purchased a primary residence that I rent out while I live back home with my family. I work in corporate America and make decent money but I would like to purchase an investment property with the help of outside financing.

Would it be beneficial to create a business entity to protect myself or should I wait until I have a few investment properties first and just practice creative financing in the meantime.