All Forum Posts by: Danny Kay

well Im asking for your opinion ;) :D

and as far as I can research, the LLC is the most popular choice for REIs.

I have to call my banker today and see what rates he can get me and see what he recomends as far as loan types go. Might give my RE attorney a email, we will see. My RE Attorneys bills are quite alot, so I have to figure out what exactly to ask.

Thanks for the input! :D

Hi all. My 1st post on this board, and I hope this is a welcomed question.

First off, I am 21 years old in Atlanta, GA. I work with my father at a Land Development company, I manage various rental properties, I do land planning, and I do a long list of other stuff from permiting to web design to taking the trash out every once in a while. :D

Now for the question, after I blabbed out some most likely usless background information.

My friend (long time friend) and I are thinking of buying our first piece of "investment" property. We plan to make this prop. a rental piece. I have planned on just making a LLC with us two as the owners and buying the property under the LLC. All loans, improvments, rental fees will be directed to the LLC. Today I got a call that makes me question if thats the right thing to do. I have gotten my fathers "executive summary opinion" (if you will). Basically I was hoping for a little input on if making a LLC for my partner and I is the best route, or is there a better alternative?