How should I start in Real Estate?

[Norma E. Vega Sanchez]

These are my questions:

1. Should I create a company (LLC) or not? So I can protect (financially) myself and family from a law sue.

2. What do I need to do for start in RE, besides get educated?

3. Can I start RE with a personal loan even though I cant to create a company (LLC)?

[Evan Polaski]

@Norma E. Vega Sanchez I agree with Greg in general over the next couple months, you very well could see prices drop, but also are unlikely to see any substantial rise.

You will need capital and a deal. The LLC is an option but I would not let that slow you down. Additionally, if you are going to finance the property you will have a personal guarantee either way, and often taking title and financing in your name versus LLC can save you on interest expense.

If you need to raise money or have a partner, then an LLC becomes much more important, if you have your own cash, it is optional.

As mentioned, the type of product you are looking at can help us provide you with more assistance.  Single family flip, single family rental, 20 unit apartment?