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Updated over 1 year ago,
Tax advantages of personal ownership vs LLC starting out
I am just starting out in my real estate investing journey and have been reading what I can find about buying properties personally vs through an LLC. Many say that early on it is (for the most part) preferred to buy personally and have an umbrella policy from the view of acquiring loans and the extra work of upkeeping an LLC. I am wondering, beyond these two points, are there still more tax advantages when using an LLC to make it more worth taking the LLC path? Or are the additional tax benefits for an LLC enough to outweigh the other perks of buying personally? Thanks so much in advance on anyone's opinions and thoughts on this matter!