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Updated about 5 years ago on . Most recent reply

Tyler Wisner's profile image
Tyler Wisner's profile image
Tyler Wisner
  • Rental Property Investor
  • from Southampton, NY
  • Member since Aug 10, 2019
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Tyler Wisner's profile image
Tyler Wisner's profile image
Tyler Wisner
  • Rental Property Investor
  • from Southampton, NY
  • Member since Aug 10, 2019
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Tyler Wisner
  • Rental Property Investor
  • Southampton, NY
7
Votes |
24
Posts
Starting Out

Should I start an LLC?

Tyler Wisner
  • Rental Property Investor
  • Southampton, NY
Posted

Hi, I'm looking into a couple of properties in the Indianapolis area, I'm hoping to close on one soon and I have another that I'm setting my sights on, my question is it worth having an LLC while only having 1-2 properties? Or should you wait until you have a larger portfolio, any feedback would be appreciated, thanks.

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Jackson Carr's profile image
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Jackson Carr
  • Investor
  • from Napa, California
  • Member since Nov 28, 2016
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Jackson Carr's profile image
Jackson Carr's profile image
Jackson Carr
  • Investor
  • from Napa, California
  • Member since Nov 28, 2016
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Jackson Carr
  • Investor
  • Napa, CA
42
Votes |
82
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Jackson Carr
  • Investor
  • Napa, CA
Replied

@Tyler Wisner

Depends on how much the LLC costs in your area? If it's cheap then do it! In CA it is 800/year so I would said wait until you have 10 units.

If it was 50-100 bucks, I would do it.

Jack

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