All Forum Posts by: Brian Walters

@Jared Baker Thank you for the share of experience.  Was this your uncles first investment property? You said you plan on doing, what type of investing are you looking to get into and when is your goal to start?

We have all seen and read opinions on what people just starting in real estate investing should do in terms of creating a LLC to own and operate each property. Most of what I have read speaks to the opinions for young investors who are getting started. A lot of these seem to lean toward not setting one up, being the person is just getting started and wouldn't have much at risk either way.

However, what I have not seen a lot on are opinions on what would work best for new investors who are further along in life. For example, I am 15+ years into a good career, but still looking for ways to invest. Being married with kids my #1 goal is to provide and protect my family. Based on this, since I have started trying to learn, I have always leaned toward the LLC being the better way to go. The up front cost, if for nothing more than peace of mind, seems well worth it to me. I'm curious what others feel, or what others in similar situations have done.

Also, would you typically set up a separate entity for each property owned?  And if so, would each of those fall under a single, higher company, or just exist as individual entities?

The goal is to start investing in the Las Vegas/Henderson area over the next year so if anyone has any advice specific to that area I would love to talk in more detail.

Thank you to all who take the time to read and provide any thoughts and insight you may have.

I'm new to this too and been starting to work on a spreadsheet as well.  Would love to compare notes.  Let me know how I can help.

Glad to see the positive numbers about Vegas still thriving and looking in good shape for the short and long term.  Vegas is too tough a town to not survive this and come back better and stronger.

My family is looking to move to the area next year at which point my goal is to start investing as well.  Happy to listen to any advice anyone has or, if anyone is willing, have a bigger conversation.  

@Michael Tully thank you, can't wait to get out there.  We have friends there that are telling us about different areas but excited to also get out an explore, learn about the different areas of town.

What time of investing do you primarily work in and what do you do in terms of lenders?  Would love to exchange ideas with someone currently working in the market.

@Ruchir Kaul, thank you.  What do you do in Vegas?

Thank you both.  Any advice for someone that hasn't taken that first big step yet?

Time for my first BP post.

After living in NYC my whole life my family and I are planning on moving to the Las Vegas area within the next year.  I am doing all I can to learn as much as possible (reading books and other educational materials, listening to podcasts, watching videos) while working towards the move and saving all we can.  

My feelings are the best way to learn is by doing so I'm hoping but I'm also not too proud to gladly listen to any advice anyone has.  

Thank you to everyone for their time in reading this.  Also, thank you to Bigger Pockets for the education and inspiration I've gained to this point.  There's a lot more to learn and do but excited to do this and know I will put everything I have into making this work.