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Updated about 16 years ago,

User Stats

125
Posts
14
Votes
Tyler Carpenter
  • Real Estate Investor
  • Aurora, IL
14
Votes |
125
Posts

Starting LLC?

Tyler Carpenter
  • Real Estate Investor
  • Aurora, IL
Posted

I am in the process of buying my first property in the next few months and at 6 months in the longest. I talked to a rehab lender and everything seems to be pretty good once I get them money from some of my investors. The person I am working with says that the rehab lender only lends to LLC or corporations. My questions is: If I start this LLC and dont buy anything for a little while, will I have any expenses or taxes I will have to pay to keep open this business? Im new to this whole corporation thing so any advice or information would help me. Thanks

I am basically planning to get a bank account set-up under the LLC as well.

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