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Updated about 7 years ago on . Most recent reply

Bret M Rankin's profile image
Bret M Rankin's profile image
Bret M Rankin
  • Rental Property Investor
  • from Murrysville, PA
  • Member since Feb 1, 2018
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Bret M Rankin's profile image
Bret M Rankin's profile image
Bret M Rankin
  • Rental Property Investor
  • from Murrysville, PA
  • Member since Feb 1, 2018
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Bret M Rankin
  • Rental Property Investor
  • Murrysville, PA
1
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12
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Starting Out

Do I start an LLC as my first order of business?

Bret M Rankin
  • Rental Property Investor
  • Murrysville, PA
Posted

I am just getting started in real estate investing in western Pennsylvania. Should I start an LLC as my first order of business. I have a full time job but will be investing in real estate full-time with in 5 years.

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Anthony Dooley's profile image
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Anthony Dooley
  • Investor
  • from Columbus, Georgia
  • Member since Jul 29, 2014
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Anthony Dooley's profile image
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Anthony Dooley
  • Investor
  • from Columbus, Georgia
  • Member since Jul 29, 2014
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Anthony Dooley
  • Investor
  • Columbus, GA
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Anthony Dooley
  • Investor
  • Columbus, GA
Replied

@Bret M Rankin No. Don't get an LLC because that what "people say." Understand the purpose of the LLC. BTW, it is not a magic pill that protects you from being sued, as some like to believe. Acquire some assets, then work on asset protection. Not the other way around.

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