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Should I have an LLC before buying investment property?

Should I create an LLC before buying an investment property? Does that provide a layer of protection between my investment and my personal property?

Asked By Brett | Grand Junction, CO | 224 views | Investing | 1 year ago

Answer(1)

Rising Star

Jim Crawford

Better Homes and Gardens Real Estate

(34)

There are different schools of thought on this topic. The best course of action is to speak to your accountant about the tax implications and you could also find a local real estate attorney to discuss your particular area of the country and what the benefits would be.

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