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Updated over 3 years ago, 08/03/2021
How is your business structured?
Hey everybody! Hope you are having a great week.
I am in the starting phases of purchasing my second property with my first property being a SFH that I live in and house-hack 2 rooms out of. I am looking to buy a duplex of some type as my next property and am curious how people have structured their investing/real estate businesses to avoid any liabilities brought on by having that property. Do you have an LLC that you have the property under? If you house hack, do you have a "property management" company that you use to lease rooms out to your renters? How would you recommend structuring the business and do you think it is even necessary to start one?