Updated almost 10 years ago on . Most recent reply
New Member in Maine
I'm a new member looking to start building my investments in real estate. I currently work as a merchant marine on ships in the Gulf of Mexico. My wife and I both enjoy improving houses and REI will be a good way for us to start building money on the side. I am not looking to get rich quick or quit my job. I'd just like to start by flipping a few houses or by buying a multi family home or two. I am currently a part owner of a duplex in Portland, ME, that does reasonably well with little investment. I'm not sure that I will be able to break into a more competitive market like Portland just yet. At this point I'm looking to purchase a little closer to where I currently reside in Freeport. I'm really leaning towards getting into the multi-family market. I think if I can find the right place at the right price I can get my feet wet and see how things go. Does anyone have any thoughts as to whether it is best to go in as a single buyer or to start an LLC and use that for investments?