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Updated over 1 year ago,
Starting out from zero, setting up my LLC
I'm a software engineer by trade with a wife and 3 kids, one of them nearing college age. I recently read Rich Dad/Poor Dad and it changed my entire perspective. I'm looking to build up an investment portfolio of MTR and LTR properties. In an ideal world, I would like to purchase a multi-family unit. I'm still figuring out my investment strategy and recently saw a video from Pace where he covered starting an LLC the right way. It covered setting up a holding company in WY (privacy protection laws) and child LLCs for the state you plan to operate in. As Pace said in the video, don't do what he did initially using your address or name in your LLC. I like the idea of keeping my name private from people renting from me. Being new to real estate investing, I'm looking to the wider BP community for some advice.
I'm still kicking around some LLC names, any recommendations for starting my LLC(s). I would like to do it right the first time.
Thanks in advance!
Eric