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Updated almost 4 years ago, 02/05/2021
Create LLC for duplex in Massachusetts ?
Hello everyone,
I am in the process of looking for duplex or triplex in Boston suburbs like Malden, Waltham area. I have found a property that I like and I might send out an offer. My question to you guys is, do you guys create LLC when investing in these type of properties? If yes, do you have to put 25% down if it is contracted as LLC?
Are there other ways to protect yourself as I saw LLC seems quite expensive in Massachusetts.
Also, do you have to create LLC even before you send your offer?
I am just starting out so this will be a small investment property..
Any suggestions would appreciated!!
Thanks
Yuzi