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Updated over 1 year ago on . Most recent reply

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Arron Paulino
  • Rental Property Investor
  • South San Francisco, CA
89
Votes |
245
Posts

Starting my first LLC

Arron Paulino
  • Rental Property Investor
  • South San Francisco, CA
Posted

I started my real estate investing journey during the pandemic and have not needed to use an LLC. I have been able to structure each rental property to where it is not necessary with the correct insurance and property management in place using the BRRRR method.

I am now needing to set up my first LLC in order to scale up with other real estate investing opportunities. I've heard that an easy place to this up is on legalzoom.com which offers a basic one to get started with pro or premium options as well. This is a new topic for me as I could just be overthinking this. Is there a better place to establish a simple LLC to get started? Any advice on how to properly structure an LLC? Does this have to be set up in a specific state virtually? The process sounds like it'll take about a week to set up and be up and running. From the first few lenders I've spoken to, they need an LLC in order for me to do business with them and I know they are the real deal as I've been able to do my due diligence on them. Looking forward to the great opportunities that have come up by engaging in BP!

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5
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6
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James Bailey
  • New to Real Estate
  • Cypress, CA
6
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5
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James Bailey
  • New to Real Estate
  • Cypress, CA
Replied

You could look at Corporate Direct. They’re part of the Rich Dad Advisors network and do all states. 

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