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Yash Bhatt
  • Phoenix, AZ
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31
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New Investor - Opening a business / LLC

Yash Bhatt
  • Phoenix, AZ
Posted Feb 14 2019, 15:19

Hello all,

If I am just getting started in investing, and am planning on picking up a few properties this year and then scaling, I wanted to know your thoughts about opening a business.

Is it recommended to open an LLC and then put the properties in the portfolio in there? Or can I just buy them all in my name and still take advantage of all the favorable business tax benefits/write-offs?

I don't see this come up too often in the getting started videos so i was curious. What do you need to do before making your first few purchases as far as setting up a business and taxing full advantage of the business tax laws. 

Thanks!

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