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31
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15
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Charles Graham
  • Flipper/Rehabber
  • Norton, MA
15
Votes |
31
Posts

Should I get a LLC before my first deal or not

Charles Graham
  • Flipper/Rehabber
  • Norton, MA
Posted

I'm going to start a LLC. I've yet to get my first deal. But I need the Corp to get a loan. Should I get a s or c Corp. I plan on flipping houses and using hard money loans.
I was going to wait for my first deal but I don’t want to lose it while waiting for my Corp to start up. 

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2,985
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Nicole Heasley Beitenman#5 Medium-Term Rentals Contributor
  • Investor
  • Youngstown, OH
2,457
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2,985
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Nicole Heasley Beitenman#5 Medium-Term Rentals Contributor
  • Investor
  • Youngstown, OH
Replied

I agree with @Cameron Tope. Too many new investors waste time, energy, and money worrying about legal entities, website, logos, company names, a mascot, a YouTube channel, social media pages, and anything else they can do to avoid worrying about the meat and potatoes of the business--finding and executing deals. 

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