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Updated 13 days ago, 12/11/2024
How to structure first rental in NJ: Should I use an LLC? Land Trust?
I am moving out of a home that was my primary residence, and it is becoming a rental. the mortgage is currently in my name. This will be my first rental. Should I set up a land trust then put the beneficiary as an LLC? The property is in NJ.
any and all advice/guidance would be appreciated.