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Updated about 2 years ago,

User Stats

6
Posts
5
Votes
Brynnen Beierle
  • Roanoke, VA
5
Votes |
6
Posts

LLC or no LLC for my first property?

Brynnen Beierle
  • Roanoke, VA
Posted

Hey everyone! I'm closing on my first property next week (finally!) and I've been advised by some friends to go the LLC route. It's a triplex, and I do plan on purchasing more in the near future. I guess my question is: is it beneficial even for my first property? And if so, if I live in California but purchase mostly in Virginia, should I get an LLC in CA or VA? Lastly, any tips on who to use for the LLC and a business bank account?

Appreciate you!!

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