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Updated over 5 years ago on . Most recent reply

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9
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Joseph Whitney
5
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9
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I'm new to real estate.

Joseph Whitney
Posted

Last Friday I went to a company to set up my llc and to establish the business so I can begin to build credit under the llc. I would like my first property to be 3-4 unit buy and hold rehab. So my question is what should I be doing next while the process I mentioned before is happening.

Most Popular Reply

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Jim Goebel
  • Real Estate Investor
  • Des Moines, IA
533
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922
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Jim Goebel
  • Real Estate Investor
  • Des Moines, IA
Replied

@Joseph Whitney

Yikes.  What market are you in?  What are your long term goals?  Are you planning on managing the unit yourself, or what?  At this point, it seems you should be the one asking a lot of pointed questions, after you've done a lot of thinking, yourself.

Why'd you do an LLC? There are tons of opinions on both sides of that. We don't have LLC on our stuff and rely on good insurance.

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