LLC or Nah?

[Abhijit Joshi]

Hello Members,

My friend and I are both first time investors and will be investing in real estate within the next six months. We have been researching whether or not to create an LLC. We haven't had too much success in finding guidance in this so we thought of posting this question in this amazing forum. We would also like some advice on whether the decision of creating an LLC or not would depend on which strategy and niche we chose?

Please find the questions stated below. 

QUESTION 1: For a partnership, is it beneficial to create an LLC?

QUESTION 2: If so, why and what are the startup and sustaining fees for this? If not, what are the better options?

QUESTION 3: How will we benefit while filing tax returns?

QUESTION 4: Does creating an LLC or not depend on which strategy and niche we chose?

Looking forward to your response. Thank You.