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.
Starting Out
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 10 months ago on .

User Stats

5
Posts
3
Votes
Greg Ruthven
3
Votes |
5
Posts

Getting ready to get started...

Greg Ruthven
Posted

I have been interested in real estate for a while. I'm just getting to a point to where I can consider starting to plan for my first property. I have heard many of the podcasts, read many articles on how to find, fund, and manage deals. My biggest concern starting out is Uncle Sam..... I'm a put your paycheck in the bank guy, not a collect rent, cover the overhead, and pay the taxes type of guy. Where do I start? An LLC? Just a DBA? What info do i need to get? What do I save? Where do I record and store the information for tax purposes?

I know it's a ton of information, but is there some sort of reference guide I can obtain that will guide me to the correct information I need to get started correctly so I don't get into legal trouble down the road?

Thank you all ahead of time!