Updated almost 8 years ago on . Most recent reply
When to LLC or not to LLC
Cart before the horse... chicken or the egg?
I am about to conduct my first deal. It will become a rental. I know at some point I will want to place properties in an LLC to limit my exposure. But....when and how. Step one - buy with private $ in my name, rehab, refinance into convention loan, what's the next step, how does it get to an LLC without creating a commercial loan?
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Kimberly A Hall my advice is to find a good CPA that owns properties and ask which you should do based on your tax bracket and implications. Our CPA has saved us thousands in taxes with Uncle Sam. The CPA is an integral part of any investors real estate team.