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Updated over 4 years ago on . Most recent reply

User Stats

23
Posts
4
Votes
Charles Graham
  • Flipper/Rehabber
  • Norton, MA
4
Votes |
23
Posts

Should I get a LLC before my first deal or not

Charles Graham
  • Flipper/Rehabber
  • Norton, MA
Posted

I'm going to start a LLC. I've yet to get my first deal. But I need the Corp to get a loan. Should I get a s or c Corp. I plan on flipping houses and using hard money loans.
I was going to wait for my first deal but I don’t want to lose it while waiting for my Corp to start up. 

Most Popular Reply

User Stats

2,919
Posts
2,409
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Nicole Heasley Beitenman
#5 Medium-Term Rentals Contributor
  • Investor
  • Youngstown, OH
2,409
Votes |
2,919
Posts
Nicole Heasley Beitenman
#5 Medium-Term Rentals Contributor
  • Investor
  • Youngstown, OH
Replied

I agree with @Cameron Tope. Too many new investors waste time, energy, and money worrying about legal entities, website, logos, company names, a mascot, a YouTube channel, social media pages, and anything else they can do to avoid worrying about the meat and potatoes of the business--finding and executing deals. 

  • Nicole Heasley Beitenman
  • Loading replies...