Forming LLC in New Jersey

[Joseph Cahill]

Hi Everyone,

I am looking to buy my first property in the next 2 months and was curious to get people's takes on forming an LLC.

1. If you form the LLC, can you purchase properties under it, or do you need to buy it as an individual?

2. Is there a benefit to having an LLC with your first property?

3. Can the LLC be both a General Contractor and a Property Management firm?

Just curious as to how to get started. I am looking to have my own business and am fairly green to investing. I currently work for a GC in New York City so i have a grasp of the construction side of things, but not so much the inevesting, buying, and business side.

Thank you!