All Forum Posts by: Christian Nunez

@Christian Nunez @Greg Scott I'd have to disagree when talking about Financial Advisors. Yes, you wouldn't utilize them to open an LLC, and yes, some are just sale-people trying to attract clients. I could say the same thing about some real estate agents and brokers. 

One thing that's different between common real estate professionals and Financial Advisors is that we have a fiduciary obligation to our clients to always act in their best interest. An advisors job should focused on educating our clients more than just investment management. It never hurts to just talk to one (that understands real estate investing) to get a feel on if they are a salesman or if they are someone you could have a drink with. 

Also I became FI through real estate, left my W2 job and became and Investment Advisor to help others get FI. So we aren't all the same :)

Most financial advisors are simply sales-people who sell you the stocks or funds.  They often direct you to the ones that make them or their company the most money.  Ironically most financial advisors are not financially free themselves.  That should tell you something.  Why take financial advice from someone who has not demonstrated the ability to master their finances?

Opening an LLC? Why? You certainly don't need one if you are going to take the advice of a financial advisor. You also don't need one to get started in real estate. If your attorney says you do need one, it should be customized to reflect your circumstances and you need to know how to manage it properly or it does you no good whatsoever.

You will need an attorney for the LLC, not a financial advisor. A FA typically takes care of your insurance and brokerage accounts.