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  1. 02-17-2011, 04:41 PM #1
    joz
    joz is offline Fixer Upper
    Join Date
    Feb 2011
    Posts
    13

    Default What type of entity should I hold my rental property under?

    I only have one rental right now and it's in my name. Should I do an LLC? Thanks.
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  2. 02-17-2011, 10:07 PM #2
    flash.investing
    flash.investing is offline Fixer Upper
    Join Date
    Feb 2011
    Posts
    64

    Default Llc

    That's the most popular method and it's easy and usually inexpensive. Although it is always advisable to consult with an attorney, you can find LLC papers online, at many office supply stores. They are not complicated. The important thing to remember is to transfer the deed to your LLC after you file with the state.
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