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Updated about 9 years ago on . Most recent reply

User Stats

7
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8
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Taylor Pariseau
  • Schenectady, NY
8
Votes |
7
Posts

Seeking: Education on LLC setups

Taylor Pariseau
  • Schenectady, NY
Posted

I am looking to set up an LLC to run all REI deals through to protect my little family. I am brand new to this idea and am overwhelmed with the amount of information available.

Please send me your favorite articles / blogs / tutorials / guides on the topic of setting up an LLC, running an LLC, and always the great posts on "things newbies should know" :)

Most Popular Reply

User Stats

100
Posts
58
Votes
Kory Thaut
  • Investor
  • West Linn, OR
58
Votes |
100
Posts
Kory Thaut
  • Investor
  • West Linn, OR
Replied

@Taylor Pariseau@Phillip Burns 

My favorite book on this topic is The Loopholes of Real Estate Investing by Garrett Sutton. I've listened to this book on audible at least a half dozen times.  He walks through great detail that provides a wealth of knowledge which forces you to ask yourself, attorneys, CPAs, great questions.  For example, why quitclaim deed transfers aren't necessarily the best way to make property transfers (voids title insurance whereas warranty deed doesn't)

I setup my first LLC by myself after reading a few books, blogs, sites, etc... but it wasn't until I came across this book that I felt like I had the right knowledge on the topic of entity structure. I now work closely with a good attorney and have the knowledge to speak the same language, making the whole process move a lot faster.

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