Updated almost 6 years ago on . Most recent reply
Do I need an LLC to buy first rental property
I am 49 my goal is to get my first duplex or triplex My accountant and realtor said to get an llc but those in BP says i dont need one at first. Buy and hold is goal. Do I need and LLC i am fearful because I am new that it would be difficult to find a lender. Please help to clarify the best approach and how to protect myself without an LLC entity.
Most Popular Reply
I wouldn't worry about an LLC until you start to aquire multiple properties. You can just file a Schedule E at the end of the year when you do your taxes. It's pretty simple. Best of Luck!