Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago,

User Stats

2
Posts
0
Votes
Tobin Short
0
Votes |
2
Posts

Rental Investing Business Setup

Tobin Short
Posted

Been researching a while and looking through the threads. Sorry if this was already answered by many of you. 

I'd like to start investing in rental properties, but am completely unsure of how to set it up as business or when I should.

I'm aware I should AT LEAST have a separate/certain card to all of my expenses on and have some sort of filing system to note them (quickbooks, excel, etc.).

But when did most of you open a business account, setup an LLC or some other organization to operate under? Is this required? How many properties did you own until you set it up, or if you didn't, then why? Should I have an LLC setup prior to buying and renting out a home?

Also, I plan on mainly purchasing remotely, site unseen, and having property managers, even for homes that are local to me. 

Thank you. 

Loading replies...