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Updated about 9 years ago on . Most recent reply

Jake Thompson's profile image
Jake Thompson's profile image
Jake Thompson
  • Rental Property Investor
  • from Albany, OR
  • Member since Mar 3, 2015
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Jake Thompson's profile image
Jake Thompson's profile image
Jake Thompson
  • Rental Property Investor
  • from Albany, OR
  • Member since Mar 3, 2015
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Jake Thompson
  • Rental Property Investor
  • Albany, OR
136
Votes |
312
Posts
Starting Out

Should I immediately start a business?

Jake Thompson
  • Rental Property Investor
  • Albany, OR
Posted

Alright BP, I've got another question for everyone. I just bought my first rental and plan on buying many more. Do you recommend starting an LLC as a holding company for all my rentals right now, or should I wait until I start making money from real estate?

The pros I see for starting an LLC now are:

-Legal Protection

-Builds trust/credibility

The only con I could see is:

-Up front cost (I could use the money towards another property instead)

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AJ Minaker's profile image
AJ Minaker's profile image
AJ Minaker
  • Rental Property Investor
  • from Eau Claire, WI
  • Member since Feb 25, 2015
  • Posts 38
  • Votes 20
  • Experience 13 Yrs
  • Investments 1
Connect

User Stats

38
Posts
20
Votes
AJ Minaker's profile image
AJ Minaker's profile image
AJ Minaker
  • Rental Property Investor
  • from Eau Claire, WI
  • Member since Feb 25, 2015
  • Posts 38
  • Votes 20
  • Experience 13 Yrs
  • Investments 1
Connect
AJ Minaker
  • Rental Property Investor
  • Eau Claire, WI
20
Votes |
38
Posts
AJ Minaker
  • Rental Property Investor
  • Eau Claire, WI
Replied

Listen to podcast 162. 

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