New Investor - Opening a business / LLC
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!