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Updated almost 8 years ago,
LLC and Out of State Rental Properties
Hi All,
I'd love some help answering two questions:
1. Is it wise to open an LLC for every property purchased?
2. We have no experience being landlords or owners. If able, we'd like to purchase rental properties out of state to obtain better deals. So far, research has indicated that turn-key properties that already have management in place are best for beginners. Where should we focus our learning and research to best prepare for being beginner out of state owners?
Thanks,
Jacob and Rachel