Question - look for advise, tips, guidance.

[Zac Hugh Nguyen]

Hey BiggerPockets community,

I've been trying to navigate into the world of real estate investing and considering the option of setting up an LLC to hold my future properties. I've heard that using an LLC can offer benefits like liability protection and potential tax advantages, but I'm also curious about the practical aspects and potential challenges.

Here are a few questions on my mind:

- How has forming an LLC helped protect your personal assets in case of property-related issues or legal matters? Have you ever had to rely on this protection, and how did it play out?

- What are the tax implications of using an LLC for your real estate investments? Have you found any tax benefits or deductions that make an LLC a worthwhile choice?

- How does property management differ when properties are owned by an LLC? Are there any special considerations to keep in mind when dealing with tenants, maintenance, and leases?

- How does financing work when purchasing properties under an LLC? Are there any challenges or differences in obtaining mortgages compared to individual ownership?

- For those who invest in multiple states, how do state-specific regulations impact forming and managing an LLC for real estate purposes?

- If you decide to sell a property owned by an LLC, what steps are involved? Are there any specific tax considerations to be aware of when selling through an LLC?

- What are the upfront and ongoing costs associated with setting up and maintaining an LLC? Is the additional complexity worth the benefits?

I'd love to hear from experienced investors who have used an LLC for their real estate ventures. What motivated you to choose this structure, and what advice would you offer to someone considering it? Any success stories, cautionary tales, or lessons learned would be greatly appreciated!

Looking forward to learning from your insights and experience