Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Goals, Business Plans & Entities
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 over 16 years ago on . Most recent reply

User Stats

69
Posts
5
Votes
Michael Sokolski
  • Homeowner
  • Stony Brook, NY
5
Votes |
69
Posts

When should I start my LLC?

Michael Sokolski
  • Homeowner
  • Stony Brook, NY
Posted

I'm just starting in REI and am trying to learn as much as I can now. I was wondering at what point should a beggining Real Estate investor create their business entity. I've decided on an LLC. I don't have any properties on the horizon and probably won't start looking until early 2008.

I'm asking because I am going to start attending seminars, taking classes, etc and will be putting money into this.

My question is, should I create an LLC now so I can write off these expenses or should I wait until I'm about to start making offers on properties. I haven't decided whether I am going to start with multifamily homes or commercial/office buildings yet.

Any advice would be much appreciated.

Thanks.

Loading replies...