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Updated over 14 years ago on . Most recent reply

Jason O.'s profile image
Jason O.'s profile image
Jason O.
  • from Los Angeles, California
  • Member since Jul 9, 2010
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Jason O.'s profile image
Jason O.'s profile image
Jason O.
  • from Los Angeles, California
  • Member since Jul 9, 2010
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Jason O.
  • Los Angeles, CA
2
Votes |
112
Posts
Starting Out

Do I have to start a company first?

Jason O.
  • Los Angeles, CA
Posted

Does a person have to start a company first to start making deals?
Does it have to be an LLC before the first deals or just work under a sole proprietorship?

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Mike V.'s profile image
Mike V.'s profile image
Mike V.
  • Rental Property Investor
  • from St. Louis, MO
  • Member since Jan 13, 2008
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Mike V.'s profile image
Mike V.'s profile image
Mike V.
  • Rental Property Investor
  • from St. Louis, MO
  • Member since Jan 13, 2008
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Mike V.
  • Rental Property Investor
  • St. Louis, MO
75
Votes |
189
Posts
Mike V.
  • Rental Property Investor
  • St. Louis, MO
Replied

I have rehabbed/flipped 4 properties and have 4 rentals and am now just setting up a business structure. Keep in mind unless you are paying cash you most likely won't be able to buy in an LLC since banks typically will not lend to an LLC for rei.
I am setting up the business structure to limit liability between individual properties and myself.

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