Jersey City Journal Square Multi Family Investment

[Amit Sinha]

I am interested in buying a  2-3 unit multifamily house in JSQ are of Jersey City as an investor. All the units are for rent. A few questions for the experts here :

1. Setting up an LLC

When should I set it up? How do I set it up? Anything special I need to consider while setting it up? Any advice on who to contact first?

2. How easy is it to get Mortgage as an LLC vs as an individual? Are the rates quite different? I am looking at 650k property and will put in 250k down payment. Any advice where to start looking for rates.

3. Location wise : has anyone recently done any transaction in this area? What will be your suggestion?

Regards

Amit