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Updated almost 7 years ago on . Most recent reply

User Stats

237
Posts
43
Votes
Daniel J.
  • Conroe, TX
43
Votes |
237
Posts

Cart before the horse?

Daniel J.
  • Conroe, TX
Posted

I have not created an entity yet, I have the details for it, it simply has not happened. It has not fit into life at this point, no excuses, just hasn’t happened.

A 10 unit property has popped up that could be what I want. Am I totally off my rocker to even be contemplating a property without an entity formed or can we make it all work?

Thanks,

Daniel

Most Popular Reply

User Stats

302
Posts
211
Votes
Robbie Reutzel
  • Rental Property Investor
  • Acton, MA
211
Votes |
302
Posts
Robbie Reutzel
  • Rental Property Investor
  • Acton, MA
Replied

It's not necessary but you can get one on LegalZoom very quickly if you want. Other alternatives are to buy in trust and eventually set up an LLC as the beneficiary.

Again, don't make the lack of an entity your reason for not submitting an offer. 

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