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Updated about 10 years ago on . Most recent reply

User Stats

26
Posts
8
Votes
Eric Petersen
  • Rental Property Investor
  • Lehi, UT
8
Votes |
26
Posts

When to incorporate with a Buy and Hold strategy

Eric Petersen
  • Rental Property Investor
  • Lehi, UT
Posted

I eventually want to own several properties that I will rent out. I understand the merits of creating an LLC or some other legal protection entity.

Now at my point, I don't own anything though I plan to get my first property in the next few months and rent it out (owner occupied).

Do you suggest I create an LLC and buy the property through that? Should I get the property under my name and manage the tenants through an LLC? Should I worry about all of this later when I own more properties?

Thoughts please.

Thanks

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