Updated over 1 year ago on . Most recent reply
Create an LLC before purchasing first property
I am on the hunt for my first real estate investment. Would you say it's necessary to create an LLC to purchase the property?
located in Missouri, St.Louis area
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JD Martin
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Find something to buy and operate first, then start worrying about LLCs. I do not have one and we have a lot of years and a lot of properties. Good insurance and maintaining your properties will cover 99% of all contingencies, and don't be fooled into thinking an LLC is impenetrable when it comes to seizing assets.
Think about it this way: would you start collecting furniture for the house you're going to buy one day? Or would you buy the house and then fill it with furniture?
- JD Martin
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Skyline Properties