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Updated over 7 years ago on . Most recent reply

Cody Wilkinson's profile image
Cody Wilkinson's profile image
Cody Wilkinson
  • Real Estate Agent
  • from Des Moines, IA
  • Member since Sep 27, 2017
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Cody Wilkinson's profile image
Cody Wilkinson's profile image
Cody Wilkinson
  • Real Estate Agent
  • from Des Moines, IA
  • Member since Sep 27, 2017
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Cody Wilkinson
  • Real Estate Agent
  • Des Moines, IA
5
Votes |
23
Posts
Goals, Business Plans & Entities

Should I have a LLC on my first deal?

Cody Wilkinson
  • Real Estate Agent
  • Des Moines, IA
Posted
Hey BP community! So I wanted to hear everyone's opinion on a specific subject. Do you think I need to have an LLC set up before I go and get my first deal? What are the draw backs if I don't?
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Jack Bobeck's profile image
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Jack Bobeck
  • Rental Property Investor
  • from Jacksonville, FL
  • Member since Jun 30, 2008
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Jack Bobeck's profile image
Jack Bobeck's profile image
Jack Bobeck
  • Rental Property Investor
  • from Jacksonville, FL
  • Member since Jun 30, 2008
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Jack Bobeck
  • Rental Property Investor
  • Jacksonville, FL
528
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784
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Jack Bobeck
  • Rental Property Investor
  • Jacksonville, FL
Replied

@Cody Wilkinson This is a great question for TWO team members you should have on your team, 1) Your CPA, and 2) Your attorney. Make sure both work with investors, if they have their own properties, a bonus. 

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