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
Starting Out
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 over 10 years ago on . Most recent reply

User Stats

214
Posts
149
Votes
Jeff G.
  • Investor
  • West Bend, WI
149
Votes |
214
Posts

Start an LLC prior to first investment?

Jeff G.
  • Investor
  • West Bend, WI
Posted
I am about 6 months away from being comfortable with perusing my first deal (for financial reasons alone.) I thought now would be a good time to put the business plan In my head into writing, start a LLC, make my formal letter head and build a relationship with a realtor in my target market. My brother-in-law is an attorney so I have free legal advice and council to form my LLC and to get my leases ironed out. My plan is to buy a duplex this year to get my feet wet and then next year things start blowing up with multiple additional buy and holds, with a fix and flip thrown in the mix. To all you seasoned investors. Does it make sense to you to form a LLC and does the above make sense to you? Anything obvious that I should be doing aside from more research in my target market? Thanks.

Loading replies...