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Marco has been interested in real estate since reading Rich Dad Poor Dad at an early age. After laying out a success strategy, he began to acquire the skills he would need in order to build a career as an investor. He gained valuable people skills by working in sales and the restaurant field. The experience he gained by working with a wide spectrum of individuals was critical to his success with investment properties.
Since obtaining his real estate license over seven years ago, he has worked for several investment companies in San Antonio and now successfully runs his own business independently.
He has spent time in all realms of residential real estate, from standard single family homes to small multi-family properties. Taking what he has learned in other fields, Marco has followed the philosophy that a transaction is never about the property, but the people.
In this episode Marco walks us through his start in real estate investing. He walks us through his reasons and how he setup his companies for asset and liability protection.
So many new investors use the question of which entity to set up to stay in their comfort zone and not take action. Marco advises against that and recommends you take action and then setup your company.
Obviously, if you have a lot of assets to protect you might want to set up the entity first. Otherwise, you should just get out there and make it happen and worry about it later.
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The post Episode 23: [Foundation] When To Set Up A Company For Flipping w/Marco Romero appeared first on Flipping Junkie.