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Updated over 4 years ago on . Most recent reply

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12
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2
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Roni Cotta
  • Professional
  • Waltham, MA
2
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12
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Do i need to open a Company to start investing?

Roni Cotta
  • Professional
  • Waltham, MA
Posted

Listening to all podcast and comments around, I'm in the Boston Area, some people have different ideas about it...

Q? For a beginner do you recommend open a Corp? what type of company is best?

Most Popular Reply

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3,825
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Larry Fried
  • Investor/RE Broker
  • Eugene, OR
968
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3,825
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Larry Fried
  • Investor/RE Broker
  • Eugene, OR
Replied

@Roni Cotta

 Hi and welcome to BiggerPockets! It’s a great place to learn more about investing and meet the people you want to meet. If you haven't yet, be sure to check out the The Ultimate Beginner's Guide to Real Estate Investingand don't forget to set up your Keyword Alerts!

As to your question, you absolutely don't need to start a company to invest, although many choose to put rental properties under an LLC or corp for liability purposes, many of us don't. You can cover the additional exposure to personal liability via umbrella insurance. Now this is for buy and hold properties, if you are looking at doing flipping or wholesale or some other form of REI, then forming a company probably is a good idea.

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