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All Forum Posts by: Andrzej Slugocki

Andrzej Slugocki has started 2 posts and replied 5 times.

@Patricia Steiner

Thank you Patricia

@Tyler Kastelberg

Thank you Tyler

Does anyone own just individual condos in different places and what are the pro's and cons. I'm just starting in real estate and thought condos for rent would be a good start. Thanks

Post: Starting Your First LLC

Andrzej SlugockiPosted
  • Posts 5
  • Votes 2

@George Skidis

George, is it ok to set up an LLC before buying any properties, mainly to help document various business expenses which lead to acquisition of investment properties; such expenses I assume would be tax deductible. Or such expenses can be deducted as investment expense for me as a taxpayer prior to forming a real estate company? Should I wait to form an LLC until I get a property? Thank you

Is LLC a good idea before buying the first property?