Need some urgent advice (LLC vs. Personal)

[Kamran Pirwani]

I am under contract for a property I am buying in the Memphis area for $220k (cash). It's giving a 4% CoC return, and I am considering the idea of just putting enough money down for it to break even on expenses (will need to put $110k down instead). The reason for buying cash was to put it under my new formed LLC. Can I get some strategic input here on if I'm thinking about this right?

If putting under LLC:

- Get more protection

- Tax benefits

- More difficult to get lending or my initial cash out

If putting under my name:

- Liability risk

- Easier to finance/can get my cash out and buy more homes quicker

Any thoughts here?

[Ned Carey]

@Kamran Pirwani first a 4% cash on cash is a terible return in my opinion give the risk of real estate. There are basically zero tax benefits to owning in an LLC. This sounds like a bad deal.