My business partner and I are starting out and he was pushing for us to put together our LLC. I am wondering if this is a necessary step and something that needs to be accomplished before we close on our first property? What are the benefits?

Hey Josh, fellow noobie here. I am in the same boat regarding putting together a LLC and found this article helpfulhttps://www.biggerpockets.com/renewsblog/2015/05/18/llc-real-estate-business/. Hope this helps and good luck!

Thank you. Yes, I have spoken to residential lenders and commercial lenders. If you have an LLC, hard to get the 30 year fixed mortgage. You go commercial and have the different structure, variable rates, shorter terms...