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Updated over 5 years ago,

Mike Kratz's profile image
Mike Kratz's profile image
Mike Kratz
  • Rental Property Investor
  • from Oakland Twp, 48363
  • Member since Jan 22, 2018
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User Stats

26
Posts
8
Votes
Mike Kratz's profile image
Mike Kratz's profile image
Mike Kratz
  • Rental Property Investor
  • from Oakland Twp, 48363
  • Member since Jan 22, 2018
Connect
Mike Kratz
  • Rental Property Investor
  • Oakland Twp, 48363
8
Votes |
26
Posts
Tax, SDIRAs & Cost Segregation

LLC and CPA needed?

Mike Kratz
  • Rental Property Investor
  • Oakland Twp, 48363
Posted

I am somewhat new to real estate investing but have plans to purchase 2 more properties over the next 6 months.

I currently have 2 rentals and I am about refinance them to get $ out to fund the next 2.

With that said...my wife and I are on the notes and I have not created any type of LLC and have completed my own taxes.

I think the answer is yes I should create an LLC and start seeing a CPA but, why other than the liability protection. How does that differ from insurance on the properties?

What else goes into this decision?

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