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Updated over 5 years ago on . Most recent reply

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Brian Downs
  • New to Real Estate
  • Batavia, OH
10
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28
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Just started learning this stuff

Brian Downs
  • New to Real Estate
  • Batavia, OH
Posted

Hello everyone! I just read Rich Dad, Poor Dad and recently started The Book on Rental Property Investing and I have a question. Should I create an LLC before buying my first property? I'm sorry if this has been asked before, but I haven't seen it answered in the books as of yet.

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13,385
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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
19,418
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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
Replied
Originally posted by @Brian Downs:

Anthony, the only thing that's holding me back is a lack of knowledge.  I'm not the type to just run blindly into something without any kind of information about it first.  :)

 Good move.  Just "jumping in" can lead to disaster...and slow you down having to recover from mistakes you probably wouldn't have made with more knowledge.  There's a limit to how much you need to start.

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