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Updated almost 15 years ago on . Most recent reply
LLC?
We are relatively new re investors in missouri. We own 5 properties(2 duplex and 3 sfr) Have bought undervalued and fixer uppers, but not flipping. So far just developing our own portfolio. We manage ourselves. Should we incorporate? I appreciate this site and all advice will be appreciated. Thanks
Most Popular Reply
when you purchase a property, you should be able to purchase in your name, then do a Quit Claim Deed to transfer title to your Company. This will give you the protection you are looking for as far as liability goes, but certainly if anything happens as far as the mortgage goes, it is all on you.