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Updated almost 8 years ago,
Should an LLC be used to purchase first MFH
I have been wondering if it would be a good idea to purchase my first multi family property under an LLC, due to the requirements of the 1031 Exchange of having to buy your next property under the same name. My goal is to keep exchanging until I work my way up to a big enough property that produces my freedom number. Thoughts on whether or not an LLC over your personal name is a good idea to start? Thank you all