Updated over 3 years ago on . Most recent reply

LLC formation questions
Hello my wife and I are looking to buy our next rental property under a LLC in California and had a few questions.
Would making the LLC a 2 member ownership impact how the LLC could eventually get business loans compared to it being just a single member? Typically would both of us have to guarantee the loan?
Is it highly recommended to use an accountant to file taxes for a real estate LLC? I know it is for a S-Corp that my wife owns but I'm curious if a LLC is something I can manage as a resourceful amateur who currently bookkeeps and files taxes for our multiple rental properties that we own directly.
Thank you