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Updated over 4 years ago on . Most recent reply

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11
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8
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Weiler Nunn
  • Madison, AL
8
Votes |
11
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I am looking to create a LLC

Weiler Nunn
  • Madison, AL
Posted

I looking to set up a LLC as a real estate investor. Some say to set it up myself and others say to get an attorney to do it. Any feedback?

Most Popular Reply

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55
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39
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Al Diaz
  • Investor
  • Florham Park, NJ
39
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55
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Al Diaz
  • Investor
  • Florham Park, NJ
Replied

If you're a single member LLC, you can go with Rocket lawyer and the like. If you have a partner, things can get a little more involved. Also, you would need to decide what you're opening the LLC for (i.e. - fix & flip holding co. vs an asset specific llc for a buy & hold).

Once you've got a deal under your belt, I'd consult with a REI specific CPA to get you set up the correct way.


Disclaimer: I'm not a cpa, nor an attorney so this isn't official advice. 

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