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Updated over 5 years ago on . Most recent reply

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Chris McPherson
  • Western Maryland
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4
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Books and other resources to answer every LLC question ever

Chris McPherson
  • Western Maryland
Posted

Hello all,

I am new to the site and new to the mindset of real estate investing. I just finished reading Rich Dad Poor Dad and I honestly feel like this is the direction I've been looking for. Because I am just starting my learning I have 100 questions about each new thing I learn.

I am now fixated, due 100% to Rich Dad, on LLC's. How to start one is easy to Google but it's the details I'm looking for. What is my personal roll within the LLC? How to I pay myself to profit most from the tax benefits? Who should I hire, work, or network with to ensure I'm writing off the right things? How do I fund the startup of my LLC?

These are off the top of my head as I lay in bed typing but each answer gets me more questions. Since finding Bigger Pockets I have had the most exciting and frustrating 3 weeks of my life. I am excited to see a path in my mind to financial independence and security for my kids. I am frustrated that I can't dive into this more than I have due to my current financial obligations and a job that I love (and will love until I leave to continue my investments).

Now that I've said too much, please understand my question. I am not looking for the answers to the questions above, I am looking for resources. I am working my way through podcasts, webinars, forums, and anything else I can get my hands on but I am looking for books to tell me everything I need to know and more about LLC's.

I have started my journey by liquidating $5,000 and putting myself on a plan to clear my current financial liabilities and start feeding my asset collum. Now I need to start planning my life as an investor.

Thank you so much for taking the time to read this. Your knowledge, experience, guidance, and support will be greatly cherished.

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