@Maxton JohnsonIt really depends on what real estate activity you are trying to be involved in.It also depends on what your goals are.It is true that for a NY LLC to be established that it needs to have its information placed in 2 ads for 6 weeks.

@Marty Summers If your end game is to fix the house up and sell it for a profit why not just go ahead and do that?

Did you ever play the game Monopoly as a kid and ever win?

Bank just called me and told me I need to establish more credit and have 20% down to get a loan for investment properties so I’m asking what is my next step now?

If so, you may want to avoid people who play those kinds of games.

Liability in this game is huge and if you work on a house yourself or you employ people to do it and it malfunctions then it's on you to fix it, whereas when you hire subs it falls on them to warranty their work.

Hello all,I am new to the investing world I have read books, joined investor groups in my area 757 but at the moment I feel like i am stuck my plan is to rehab then eventually move into rentals to establish wealth i would like to rehab my first property with in 6mos. i was told i can’t start rehabbing unless i have a LLC then i was told just get a check first and worry about the LLC later if anyone have any info or advice iI would love to hear from you

As time goes on and you become established and have a track record you will get much better financing but to start out you will not get amazing financing.

But Ive been in this game a while.

I know how horrible it could be dealing with deadbeat tennants, crime, vandalism, evictions, collecting rent, etc.BUT, when $30K buys the whole house, it seems like there could still be opportunites to cashflow, and you can get into the game cheaply.