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Updated over 3 years ago on . Most recent reply

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13
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Ronald Roetsel
  • Colorado
0
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13
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LLC for a Long Term Investment?

Ronald Roetsel
  • Colorado
Posted

Hi! I am thinking about buying a few parcels (in other state) and... do NOTHING with them for next ~10 years (so no income, minimal annual expenses). Then, depending on the situation, I would either sell, build houses and sell them, and/or build a house for myself on one of them.

I was wondering if this would be a good case for LCC? I would like to separate my day-to-day life (W2 employee) and real estate investments. 

Any thoughts? 

Thank you,
Ronald

Most Popular Reply

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79
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44
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Hoa Nguyen
  • Edwardsville, IL
44
Votes |
79
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Hoa Nguyen
  • Edwardsville, IL
Replied

Generally speaking, it's always good to do any business under an LLC. That way if that land defaults or an issue pops up where (god forbid) you cant pay on that land, you aren't fully liable and your personal assets won't be affected for the most part.


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