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Updated about 5 years ago,

User Stats

11
Posts
1
Votes
Leandro Bidal
  • Rental Property Investor
  • Savannah, GA
1
Votes |
11
Posts

Should I use LLC right away to get started in my situation?

Leandro Bidal
  • Rental Property Investor
  • Savannah, GA
Posted

So I am fairly new on bigger pockets as well as becoming a landlord. I have some experience in real estate and I've flipped a couple of homes therefore I have a significant amount of money to be a cash buyer. At this point in my life I'd like to get passive income and my goal is to start a rental property portfolio with the BRRR strategy and I plan to own about 8 properties at least by the end of next year. I plan on buying cash first From wholesalers with instant equity But to do so would it make more sense to go ahead and just refinance straight into the LLC to protect my capital? Or is there a better way to do it for the first few houses since I know I'd be jumping straight into commercial lending by doing that which would be more expensive than a residential one? Your advice would be greatly appreciated!

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