Thursday, February 17, 2011

Your questions about investment property

Helen asks…investment property?I really want to buy a rental investment (like duplex) and I need some guidance:
1. Should I form an LLC to protect my potential lawsuit and purchase that rental property under that LLC? can I avoid an LLC due to fees/costs?
2. I am in CA and looking out 3 different areas: Austin TX, Vegas NV, or Raleigh-Durham NC. Which one do you think I should look into in terms of long-term investment (at least 7 years) and taxes/fees consequences

Thanksadmin answers:I'm an agent out in Las Vegas, and boy is it a buyer's

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