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Updated almost 2 years ago on . Most recent reply

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Christopher Morris
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Christopher Morris's profile image
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Christopher Morris
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Christopher Morris
31
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72
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First-Time Home Buyer

LLC or Not?

Christopher Morris
Posted

I'm looking into buying my first investment property in the Hudson / Essex county area in NJ. I spoke to my accountant and he advised that I open up an LLC to protect my assets. It seems a lot of investors (especially early on) don't have LLC's.

Is it necessary at this stage to open up an LLC?

Jersey City, New Jersey
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Jeff Nash
  • Accountant
  • from McKinney, TX
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Jeff Nash
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  • from McKinney, TX
  • Member since Jan 12, 2023
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Jeff Nash
  • Accountant
  • McKinney, TX
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Jeff Nash
  • Accountant
  • McKinney, TX
Replied

The typical CPA answer I'll give you is that it depends (on your goals, objectives, etc), but you also need to consider the lending/financing implications. I'd be happy to discuss with you and you might also connect with @Brian Perlman.   

  • Jeff Nash
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