Updated over 6 years ago on . Most recent reply
LLC before first deal?
Hey BP I was wondering if it was smart to form an LLC before attempting your first deal to give you legal protection?
Any advice is greatly appreciated!
Most Popular Reply
Hey Spencer! As far as investing in your first deal, many of the previous BP podcast episodes say that this depends on your specific situation. If you plan on getting something with 4 units or less, you may not need it. In the end, it comes down to whatever advice you decide to take from your lawyer. However, an LLC is definitely not an absolute requirement to get into real estate. Happy investing!