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Updated over 1 year ago on . Most recent reply presented by

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Paul Lim
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Creating an LLC, and putting existing investment properties under it

Paul Lim
Posted

Hi all, 

I was hoping I could ask for some advice here. When I first started real estate investing, my mentor told me that I don't have to worry about creating an LLC to start since it'll eat into my cashflow. However, I've been reading how it's just best to be safe. I have 3 properties under my belt, but I haven't created an LLC. I have a couple questions.

- Does anyone know how to properly structure an LLC?  Should I reach out to someone for all this?
- What can I do to put those properties under an LLC? 

Thank you!

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David M.
  • Morris County, NJ
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David M.
  • Morris County, NJ
Replied

@Paul Lim

There are a on of threads about LLC's.

Here is just one of the later ones:  https://www.biggerpockets.com/forums/48/topics/1164273-partn...

You should poke around the board.  Hope this helps.  Happy to chat.  Good luck.

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