Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Personal Finance
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 3 years ago on . Most recent reply

User Stats

7
Posts
2
Votes
Christian Nunez
  • San Bernardino, CA
2
Votes |
7
Posts

Does anyone use financial advisors?

Christian Nunez
  • San Bernardino, CA
Posted

Hey guys just wanted to know if anyone uses financial advisors for their investments? Does anyone recommend one around in LA? San Bernardino county area would be better. I want to open a LLC.

  • Christian Nunez
  • Most Popular Reply

    User Stats

    4,100
    Posts
    5,893
    Votes
    Greg Scott
    #1 Innovative Strategies Contributor
    • Rental Property Investor
    • SE Michigan
    5,893
    Votes |
    4,100
    Posts
    Greg Scott
    #1 Innovative Strategies Contributor
    • Rental Property Investor
    • SE Michigan
    Replied

    Most financial advisors are simply sales-people who sell you the stocks or funds.  They often direct you to the ones that make them or their company the most money.  Ironically most financial advisors are not financially free themselves.  That should tell you something.  Why take financial advice from someone who has not demonstrated the ability to master their finances?

    Opening an LLC? Why? You certainly don't need one if you are going to take the advice of a financial advisor. You also don't need one to get started in real estate. If your attorney says you do need one, it should be customized to reflect your circumstances and you need to know how to manage it properly or it does you no good whatsoever.

  • Greg Scott
  • Loading replies...