First rental property

[Qadre Lewis]

Hey I found a single property home that I think would be a great first time deal. I'll be using it as a rental property but I'm new to investing so I'm not sure where to start. I'm thinking getting a LLC and buying the property under my LLC first, then finding tenants to fill it ?

[Nathan Gesner]

Just buy the property. It's more important that you know how to price it according to the rental market, screen applications, have a solid lease, and about 117 other things before you worry about setting up an LLC. I own 25 doors and don't have an LLC. I know other investors with over 50 doors owned privately. The LLC is not necessary.