Updated over 5 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
Hi Mason,
No I wasnt gonna live in the property. Just would be my first rental. My wife and I have a house for the past 22 years. Our house is in her name so technically i am a first time buyer. I am in Manchester Ct buy the way