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Updated almost 3 years ago on . Most recent reply

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172
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93
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Nathan Williams
93
Votes |
172
Posts

LLC formation questions

Nathan Williams
Posted

Hello my wife and I are looking to buy our next rental property under a LLC in California and had a few questions.

Would making the LLC a 2 member ownership impact how the LLC could eventually get business loans compared to it being just a single member? Typically would both of us have to guarantee the loan?

Is it highly recommended to use an accountant to file taxes for a real estate LLC? I know it is for a S-Corp that my wife owns but I'm curious if a LLC is something I can manage as a resourceful amateur who currently bookkeeps and files taxes for our multiple rental properties that we own directly.

Thank you

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