Updated over 4 years ago on . Most recent reply

Buying First Rental as LLC or personally?
So my main question, is it better to buy a rental personally or start an LLC and purchase it through the LLC? I have a business partner and we are trying to see what is the best way to make sure were approved by lenders. Also, if anyone is from Ohio, is Ohio friendly to LLCs? (in terms of taxes and other categories)
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Could you explain why not to use a quitclaim deed? I am looking at setting an LLC up in the future and trying to learn best practices before I get to that point.