newbie from Indy

[Derrick Compton]

Hello All!

I have been lurking here for some time and thought it was about time for me to check in and participate - since this is obviously what makes BP such a fantastic resource!

I have been researching and reading as much as possible the last few months and am ready to get going with my first investment. My intent is to buy and hold a cashflowing rental to begin my journey. Since I have a full time business to provide for our family, this seems to be an avenue toward "diversification" while at the same time building long term wealth.

A question that I do have is - in beginning as a real estate investor, is it recommended to form an LLC from the start OR to just invest as an individual? From what I understand, qualifying for financing may be a major roadblock as a new LLC?

Thanks in advance and for such an excellent site!

Derrick