Updated over 10 years ago on . Most recent reply
Just Getting Started Where should I get my LLC
I'm brand new to real estate investing but have decided to buy my first property (rental). When starting this search I wanted to create an LLC so that I can put the property in my LLC's name rather than my own - even though I know I will have to personally guarantee it. I live in NY but want to purchase my first rental near my home town in PA. Where should I create my LLC, where I live or where I want to purchase property?
Most Popular Reply
Welcome to BP. You don't need an LLC to buy investment property. This topic comes up quite often in the forums. Search the site and read previous posts. You haven't made an investment yet but you want to set up an LLC that may not meet your needs if you start buying property. You won't even know if you like real estate until you get started. Concentrate on the first deal, then the second. Then, if you decide to set up an LLC, at least you will be able to establish one that is appropriate for your business.