New Member in Columbia, SC

[Brandon Baggott]

Good afternoon, everybody. My name is Brandon Baggott and I live in Chapin, SC. Like others, I read "Rich Dad Poor Dad" and I want to get in real estate investing. I want to start off with rentals, as I feel that is a good start, but eventually, I'd like to do wholesaling, flipping, and work on commercial and residential developments. I am going to the REI and AORE meetings in Augusta, GA (my hometown). My biggest questions are about financing and taxes. I've read a lot of blogs and articles and want to start an LLC with a partner to receive the tax advantages. However, I'm not sure how the process works with purchasing a house through an LLC. Are bigger down payments required when you purchase through an LLC? Are the interest rates higher through an LLC? Will any entity give a loan to a brand new LLC with no financial history? Any feedback would be much appreciated. Also, if you are going to be at the meetings in Augusta, let me know! I'd love to network with people who have been in the industry a while. I am excited to learn as much as I can on BP and I look forward to your feedback!