Do you purchase as a business or individual?

[Jason Fiet]

Hello all! First of all I'm writing this from the new BP app on my smartphone. Way cool! Anyway, we are about a week away from our 1st flip investment. About a year ago my contractor friend and I decided to pull the trigger. After much research, many a open house, and hours of analysis paralysis, we got an offer accepted. We plan on buying this one with our new start-up corporation and using the profits to build the business. 

My general question is, are most of you investors buying personally or as a business? 

[Linval T.]

@Jason Fiet

Welcome to BP and congrats on locating your 1st REI acquisition.

However, I see some key words in your post, namely friend, money, business.

Sometime they don't mix well and can even become very volatile if things are not going

right.

So, my suggestion would be for you to form a LLC with your friend to ensure that all

business related matters are handled accordingly under one entity.

Please take the extra step and time to do it right before you get started, as somewhere

down the road you may be glad you did.

Good luck and best wishes with your future REI activities.