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Updated over 7 years ago on . Most recent reply

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Peter Moore
  • Portland, OR
0
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4
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Real Estate Attorney for Beginning Investor

Peter Moore
  • Portland, OR
Posted

Hi - I followed the advice to stop thinking about and analyzing every little thing, and jump into action, so I bought my first turnkey property in Milwaukee, WI about 3 months ago. Now that I've started, I still have the same questions that I had before.... My main question is setting up legal entities for my property, with an eye towards acquiring more in the future. From what I've read, it would be best to have an LLC for holding the other LLCs that my properties would be owned by. This is an important step that I don't want to have to do twice, so I'm looking for an attorney to help me set this up. I would prefer someone in my local Portland, OR area, but am open to having someone outside my area if it makes better sense. I would appreciate any advice or guidance from the wise people at Bigger Pockets. Thanks!

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133
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Tyson Cross
  • Investor
  • Portland, OR
88
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133
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Tyson Cross
  • Investor
  • Portland, OR
Replied

Rebecca has good advice. I would also advise to reach out to a local attorney in Portland who can help you with business and legal structuring, but also find an attorney local to the state you invest in for tenant/landlord protections. If you google best real estate attorney in Portland you should be able to find some in Yelp. If you want, email me directly and I can give you some local recommendations. Good luck!

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