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Updated almost 4 years ago on . Most recent reply
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Pros and Cons of a LLC
I am brand new to investing and was thinking about getting a LLC. What are the pros and cons? Should I even consider one if I don't have any properties yet?
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My take on the matter, if you have less than $500K in equity you're trying to protect, the additional expenses are not worth the effort.
My feedback would be get a few rentals under your belt then make your decision, assuming we're talking about rentals, leverage, insurance and umbrella policy should check most of the boxes you're looking for.