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Updated almost 3 years ago on . Most recent reply

User Stats

5
Posts
2
Votes
Ramon Coronado
  • Developer
  • Los Angeles
2
Votes |
5
Posts

New Builder and Developer LLC

Ramon Coronado
  • Developer
  • Los Angeles
Posted

Hello BP. Been digging around in the forums for over a week now and still have not found an answer to my question. 

I've been buying vacant lots in Joshua Tree and Palm Springs for the past 2 years. Just closed on my 4th one last month. Currently working on the floor plans. The 4 lots were purchased with my personal money, not under an LLC. Should I set-up and LLC before I begin developing, construction loan process, etc.

I own and run an advertising agency now, but pivoting into real estate. My goal is to become a developer. But want to get my paperwork/ taxes in order before I make any further moves. Would love some advice since the lots are not under an LLC.

Thank you!

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