An interview-based program that dives into the investor mindset when challenges arise. We explore the decision-making process of successful real estate investors, learn about their mistakes and how you can make the right decisions to make you successful.
Episode 33: Business Entities and the Biggest Mistake Made by New Investors
Many new investors often ask, “Which business entity should I setup?” I have heard many say, “should I set up an LLC, partnership, or a corporation?” Each one of these entities has its advantages, disadvantages, and each investor’s situation has many nuances, so it is always best to seek legal counsel. In this episode, Elliot Indig provides us with a general insight into some of the common business entities used by real estate investors, including their advantages and disadvantages from a liability perspective. He also tells us about one of the biggest mistakes he has seen new investors make.
About Elliot Indig:
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Elliot Indig is a real estate attorney who specializes in understanding legal, business, and strategy issues from the point of the sophisticated real estate professional. He advises business owners and entrepreneurs in a variety of business planning matters including entity selection, intellectual property protection, and corporate governance.
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Book Recommendation:
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Connect:
LinkedIn: https://www.linkedin.com/in/elliott-indig-a164ab5/
Company Website: http://www.aidenbaum.com/indig-bio.html
About Dion:
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Dion Huey is a Co-founder at Delta Bridge Capital LLC which is a multifamily real estate investment company that invests in value-add apartment communities in the United States. He earned a master's degree in finance at Northeastern University in 2017 and worked on multiple business syndications as a financial analyst for Boston-based Plateau Asset Management which is a private equity search fund that has $30 million AUM. In 2017, Dion was an analyst on a deal team that advised Citic Investment Bank's Hong Kong private equity division on the syndication of a $1.5 billion acquisition of a hotel in New York. He is currently the host of The Multifamily Investor Situation Room Podcast.
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In 2010 he co-founded Rocky Mountain Education and Technology Group which is a Beijing-based education services company that has serviced more than 5,000 clients. In his spare time, Dion enjoys reading, martial arts, lifting, and learning foreign languages. Contact the author at dion@deltabridgecap.com.