The order of things.

[Steve Frick]

Hello BP

I am still a beginner in REI. I do own one SFH and manage another. I have been reading and learning so much over the last 6 months that 2016 will be full steam ahead! I do have a partner that wants to buy more SFH's and I on my own want to roll over my IRA to a SDIRA and do some flips in the area. But before I do I want to make sure the foundation is solid. As of now I do not have a LLC stated, or S-Corp, or anything to that matter. Before I move ahead is it a good idea to start a LLC? Or any better entity for this. Or should i start 2 one for the partnership and one for the SDIRA? One more thing how do I transfer the existing rental home I have to the new LLC or whatever I decide to start. Thanks for all your posts it has thought me a lot and given me the courage to move ahead in my REI future.