LLC or Not?

[Christopher Morris]

I'm looking into buying my first investment property in the Hudson / Essex county area in NJ. I spoke to my accountant and he advised that I open up an LLC to protect my assets. It seems a lot of investors (especially early on) don't have LLC's.

Is it necessary at this stage to open up an LLC?

[Jeff Nash]

The typical CPA answer I'll give you is that it depends (on your goals, objectives, etc), but you also need to consider the lending/financing implications. I'd be happy to discuss with you and you might also connect with @Brian Perlman.