Setting up an LLC

[Alpha Diawara]

Hi All,

My name is Alpha,I live right outside of Philadelphia PA (Suburb) area and just getting started in the real estate industry. When is the best time to set up an LLC or if there is any other entities better and easy to set up for this business.

Thank you

[Jake Thompson]

Alpha, how have things been going with the LLC? Did you transfer the title of your property into your LLC? If it's financed through a bank, did the bank say anything? I'm too worried about triggering the due on sale clause, among other things, that I have only insured my property. I don't have much equity, and only one property, so if I were to be sued there wouldn't be much to go after other than the insurance. Really curious about asset protection as it seems like there is unfortunately just as much risk in using entities as there are not using them.