LLC Formation for Real estate Investing

[Frank James Batignani]

Good Morning all,

I am just starting out in Real estate investing, and am wondering whether or not to set up an LLC. Curious what your thoughts/experiences are in this matter. I lean towards the formation of a business, but I am unsure the route to take, i.e. (use of an attorney, or websites such as legalzoom, zen business, etc.). I want to obtain the best understanding of a real estate investment business I can, so I greatly appreciate any information, and advice that is offered, thank you for your time.

[Greg Scott]

If you are debating whether or not to use a website to create your LLC, odds are you would not benefit much from an LLC. No lawyer is going to want to spend a lot of time and effort to go after your personal assets for a small payday. Focusing on getting rock solid insurance may be a better first step.