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 over 3 years ago on . Most recent reply

LLC setup for my first Rental property?
Hello BP Community, I'm ready to land my first deal. no out of pocket cost for me. it generates $200 cashflow for me + 20% COC for my capital partner and we both get equity end of the loan term.
so my question is it's a 4 unit+ single family on same lot. I'm using PML to lend 80% LTV. at what stage do I setup LLC? it's in Illinois. can I do it after purchasing? or it has to be done before the acquisition? any other advices for this newbie? Thanks!!