Texas Newb - DFW & Beyond

[Adam Harris]

Hi all, beginner investor here. Been studying & learning for quite some time now, analyzing some stuff ,getting the feel for the deal. Got my credit score thru the roof and stable employment, and a small bit of cash.

I have interests in flips & cash flow quads on the residential side, but more interest in the commercial side, ie storage facilities, laundromats, car washes and apartment complexes.

From my studies, it seems pertinent to get an LLC running and to establish business credit. My question is: where should I set my expectations buying into commercial as a Newb? Thanks!

[Ronald Rohde]

Originally posted by @Adam Harris:

Hi all, beginner investor here. Been studying & learning for quite some time now, analyzing some stuff ,getting the feel for the deal. Got my credit score thru the roof and stable employment, and a small bit of cash.

I have interests in flips & cash flow quads on the residential side, but more interest in the commercial side, ie storage facilities, laundromats, car washes and apartment complexes.

From my studies, it seems pertinent to get an LLC running and to establish business credit. My question is: where should I set my expectations buying into commercial as a Newb? Thanks!

 Hi Adam,

I may have responded to a different thread, but welcome to commercial! Definitely consider an LLC now, it will improve credibility on your first deal in presenting an LOI or even approaching a broker/vendors, lenders, etc.