Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 7 years ago,
Legalzoom or Attorney For LLC - buying property with cash
Hello everyone, I am a fairly newly licensed MA Realtor and am about to purchase my first multi-family property in Western Massachusetts.
I’ve done some flips in the past that I’ve lived in and resold years later, but this will be my first multi family property to rent out, and I’ll be buying it cash.
Without it being financed, I have some additional concerns over keeping things anonymous and ensuring that an LLC is set up properly for protection.
A local real estate attorney has quoted me $1,000 to establish an LLC, in addition to the MA filing fee. Any thoughts on going this route versus just establishing the LLC on Legalzoom for half the cost? I just want to make sure that with Legalzoom I wouldn’t be missing out on something that the attorney would’ve otherwise done in setting it up. Thanks in advance for any input!