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Updated over 1 year ago,
Starting out, starting an LLC, cost segregation
Newbie here and looking to start investing in Reno, NV or some other easily drivable area close to the Bay Area in CA that has properties not expensive as in the Bay Area. I cannot afford to start here.
BRRR is what I want to do. Also want to take advantage of the tax strategies in Tom Wheelright's book regarding doing cost segregation and taking depreciation on properties and items inside the property that can be a great tax benefit increasing overall cashflow even if your rents are cash flowing minimally.
Also wondering if I should create the business LLC as a first step in the state I will be investing in.
Just posted this same question in the "starting out" category as well... Sorry for the duplicate