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Updated over 5 years ago on . Most recent reply

Rob Fordham's profile image
Rob Fordham's profile image
Rob Fordham
  • from Powell, Ohio
  • Member since Jan 27, 2015
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Rob Fordham's profile image
Rob Fordham's profile image
Rob Fordham
  • from Powell, Ohio
  • Member since Jan 27, 2015
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Rob Fordham
  • Powell, OH
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Starting Out

LLC

Rob Fordham
  • Powell, OH
Posted

Should I have an LLC before a buy a rental property? Does anyone not have an LLC and have rentals? How hard is it to set one up? I am in the Columbus, Ohio area

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Stone Teran's profile image
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Stone Teran
  • Investor
  • from Cincinnati, Ohio
  • Member since Feb 18, 2015
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Stone Teran's profile image
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Stone Teran
  • Investor
  • from Cincinnati, Ohio
  • Member since Feb 18, 2015
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Stone Teran
  • Investor
  • Cincinnati, OH
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Stone Teran
  • Investor
  • Cincinnati, OH
Replied

Rob,

You can sign the purchase agreement in your name, then create the LLC, then assign the purchase agreement to your LLC, and buy the real estate in your LLC's name. This is done every single day and extremely simple. It's a hassle if you do it after buying the real estate.

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