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Updated about 2 years ago,
LLC or no LLC for my first property?
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!!