In the past year, I started an LLC with a partner and we have purchased four single family properties.

My name is Brady Olson, owner of MERL Renovations, LLC.

AttorneyAre you buying in your name or an LLC’s name, using trust or otherwise protected?

Well Elise how long do you want the LLC to be lliable for the property you bought?  

I wrote a 6-part series here on BP called "The Science of Finding Deals".

@Shari Peterson  how do you handle licensure in the states that require NMLS for loans.. and or California were you need a NMLS or brokers license...to legally do any loan on any property  that is one to four unit regardless if its to a LLC for commercial purpose or not etc.. if your in 50 states 18 of them require these licenses.. just curious how you address that or if you just wing it LOL.

There are many in the LLC camp and others in the hold in your name camp.  

I've taken an accelerator course to teach me about REI and making deals, but it was a bit too fast to have everything sink in so I'm working on building my purchase contract and assignment contract as I would like to start with wholesales and maybe a rental or two to get some cashflow.Today I incorporated as an LLC to make sure I'm protected.I'm looking for the following:other wholesalers to do some deals withbuyerslenderstitle attorney / title companyI'll hold my questions for another post, until then; let's connect on BP, meet for coffee, and see how we can help each other.

@Kayla Wong I would strongly suggest you establishing a Corporate Entity such as a S Corp or a LLC.

My biggest concerns pertain to:-Out-of-state investing-What stipulations are there for financing an investment property located in another state -Deciding on whether to personally obtain the loan or do it through partnership's LLC-If partner lives in area who is highly valuable, but currently rebuilding credit score, would they need to be involved in financing process-When partner's credit is improved, what are the stipulations for the partnership if we decide to utilize the 3.5% FHA Loan or use the partner's VA Loan benefit to purchase a multifamily with a 203(k) loanAny help would be greatly appreciated!