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All Forum Posts by: Joseph Watson

Joseph Watson has started 6 posts and replied 22 times.

Post: To LLC ot not to LLC?

Joseph WatsonPosted
  • Albany, GA
  • Posts 22
  • Votes 2

I think I have finally hit the dreaded tmi analysis paralysis! I have read and read and read trying to find the right road but finding only a mental dead end. I am approved for a rental loan already through my bank. I have all my down payment money and several properties in mind with roi's ranging from 9% to 15%. I am more confused on how to setup my business than ever before. All the rules between llc's and what state to use and how to structure it has me at a stand still. I make over $100k at my job now and I'm single so I pay a ton of taxes already. I just worry about setting my business structure up wrong from the beginning and blowing my future in real estate before I even get started. I have been reading and searching for over a month now looking to get into my first rental property. I'm located in albany ga. Just hoping someone may can shed some light on how exactly you go about choosing an llc, what states and should I use more than one state? Should i wait until i have several properties to worry so much about the asset protection? Thanks to anyone in advance for any advice and also any recommendations on a cpa or attorney for setting this all up with a proven reputation and track record. Thanks for reading 

New investor looking to get into single family and multi family properties. Main goal to create some passive income and see just how far I can go with it. Looking to start in the albany ga area where I live. Turning out to be a kinda rough market in my eyes but then again I am new to the game lol. Love the site, people and all the information on this site is amazing. Sure hope I can study and put the techniques to work to become successful in the real estate world. Glad to be here. Thanks for reading