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you seem to be pretty knowledgeable. perhaps you can also answer my questions...

I am also just starting out and thinking about buying a duplex. cost is $150,000 and i can get it with a down payment of $4250. The mortgage is $966 and the monthly income (before expenses) is $1625. I would not live in it and would rent out both sides. If it goes okay, then I would get more involved in this type of investing.

I have heard that to protect myself, I should start a C-corporation. I'm just not sure when I should do this. Do I set up the corporation, then put my money into the corp and then use that to get financing?

Should I just get this one duplex in my own name and then get it added to my regular taxes at the end of the year?? It might push me into the higher tax bracket so I'm concerned with that. Could I keep it in my name and then sell it to the corporation?? Someone said I might not be able to get a loan to my corporation unless it has been around for 6 months, but the only reason I would open the corporation is to purchase/maintain the real estate...

Any advice you can give??
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