Just trying to learn as fast as I can

[Bruce King]

Hello,

I am trying to get all of the available knowledge to ready to make my first investment.  Been looking at too many different sites and different topics.  I have seen several available properties and just trying to determine if they can be a good deal or not.  Hoping the tools here will help me with that.

Thanks!

[Philip Barr]

Well said @Bruce King

When you find a property to invest in, it is important to protect yourself from liability and incorporate the property into a limited liability company (LLC). You can do so via a deed, which changes property ownership and provides title to the new owner. The LLC should be set up in the state where the property is located, to provide the ability to enforce rights in the courts of that state. Liability occurring on the property would be compartmentalized in the LLC, so that you are not personally affected by it.



Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice. No attorney-client, fiduciary, or professional relationship is established through this communication.