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Updated over 7 years ago,
Starting company! Exciting yet intimidating!
Well, upon much consideration I have decided to put myself out there and start up an investment llc. The reason being that I eventually intend on doing this at some point and do not want to go through the hassle of transfering assets once I aquire them. Plus I also think it may help with finding lenders if I have an established co. with a solid business plan. Oh, and in the state of wyoming it is very affordable to create and maintain an llc.
But, the catch is that I have no practical experience in real estate investment. So, the quest for lenders is my first order of business. I am not too concerned in finding them as I talk well and can be convincing but have some reservations. Mainly, that I am honest and will run my business as such. That said, my transparency in my no practical experience is my downfall. I do believe though, that once lenders are in line the deals I secure will speak for themselves. Just securing lenders is the first and most daunting challenge.
So, I am here asking for suggestions/pointers and anything else. No holds barred here. Constructive criticism welcome, suggestions, anything.
Note: this venture and networking will begin very soon. As of now my employment is keeping me VERY busy but will be shifting in the next month. At which point I will have more time to concentrate on my dreams.