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 about 10 years ago on . Most recent reply

User Stats

214
Posts
149
Votes
Jeff G.
  • Investor
  • West Bend, WI
149
Votes |
214
Posts

Start an LLC prior to first investment?

Jeff G.
  • Investor
  • West Bend, WI
Posted
I am about 6 months away from being comfortable with perusing my first deal (for financial reasons alone.) I thought now would be a good time to put the business plan In my head into writing, start a LLC, make my formal letter head and build a relationship with a realtor in my target market. My brother-in-law is an attorney so I have free legal advice and council to form my LLC and to get my leases ironed out. My plan is to buy a duplex this year to get my feet wet and then next year things start blowing up with multiple additional buy and holds, with a fix and flip thrown in the mix. To all you seasoned investors. Does it make sense to you to form a LLC and does the above make sense to you? Anything obvious that I should be doing aside from more research in my target market? Thanks.

Loading replies...