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Updated almost 8 years ago,

Rachan M.'s profile image
Rachan M.'s profile image
Rachan M.
  • Rental Property Investor
  • from Washington, DC
  • Member since Feb 24, 2017
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User Stats

73
Posts
12
Votes
Rachan M.'s profile image
Rachan M.'s profile image
Rachan M.
  • Rental Property Investor
  • from Washington, DC
  • Member since Feb 24, 2017
Connect
Rachan M.
  • Rental Property Investor
  • Washington, DC
12
Votes |
73
Posts
Tax, SDIRAs & Cost Segregation

Should I setup a LLC?

Rachan M.
  • Rental Property Investor
  • Washington, DC
Posted

Recognizing that it won't count as legal or professional advice, can you guys share your thoughts about whether or not to setup a LLC?

I'm just starting out, and I plan to buy 1 rental property (both short and long term rentals) each year. I do not see myself flipping houses, I have a full-time job, which can possibly convert into a 1099 consulting arrangement.

Of course, I would like to minimize taxes.

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