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Updated about 7 years ago on . Most recent reply

User Stats

37
Posts
8
Votes
Neems Y.
  • Santa Maria, CA
8
Votes |
37
Posts

New member introduction

Neems Y.
  • Santa Maria, CA
Posted

Hi BP community. I'm Neems & I just joined (woohoo). I'm from the central coast of California and am working on developing a RE portfolio. I would like to accomplish this by collaborating with esteemed colleagues of the BP community. I'm currently reading the UBG (ultimate beginners guide) and have encountered a conundrum. I am interested in your thoughts on what is the best business structure (LLC, Corp, etc) for REI? I've read some articles (on BP and elsewhere), although none really provided a clear answer. Any advice will help. It's a pleasure to meet all of you.

Most Popular Reply

User Stats

523
Posts
361
Votes
Michael Guzik
  • Real Estate Agent
  • San Antonio, TX
361
Votes |
523
Posts
Michael Guzik
  • Real Estate Agent
  • San Antonio, TX
Replied

@Neems Y. Welcome to BP! Just a tip when wanting to tag someone type in the "@" button followed by the letters in their name that way they are notified when you reply because if not they will never know! My suggestion is to focus on getting a property an LLC is not important if you only have 1 or 2 properties it become important when you have a good sized portfolio that you need to protect. Good luck!

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