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Updated over 11 years ago on . Most recent reply

User Stats

942
Posts
501
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Marci Stein
  • Rental Property Investor
  • New York, NY
501
Votes |
942
Posts

benefits of an LLC?

Marci Stein
  • Rental Property Investor
  • New York, NY
Posted

I have 3 homes ,2 rentals and 1 up for sale.No plans to buy another till i sell one. All three together are worth $180,000.

I have been buying R.E.more as a hobby in my spare time, still work outside of R.E.. Would it be wise for me to become an LLC?

what would be the benifits of starting a corporation with 3 homes, as opposed to being an individual who sells a home or 2 every 5 years?

thanks.

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