Should I start my LLC before I buy my first property

[Jason Gore]

I’ve been studying real estate quite a bit lately and I’ve known for quite a while that this is what I want to do. I’m almost 40 years old and never set up any type of retirement. I just want to do it right from the start. Does anyone have any suggestions?

[Kerry Baird]

I didn't, and have no regrets. I do have an LLC for my short term rental, but it didn't need bank financing, as the owner financed. With single family homes...The financing is the part that makes the LLCs more challenging. I ask for owner financing on every deal, so I can use the LLC structure easily.

Insurance covers the liability aspect, so it is usually beneficial to get traditional financing, in order to maximize cash flow on the first 10 properties. From there, portfolio lending.