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Updated almost 8 years ago on . Most recent reply

Miguel Vasquez's profile image
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Miguel Vasquez
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Miguel Vasquez
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  • from Bergenfield, New Jersey
  • Member since Nov 3, 2015
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Miguel Vasquez
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  • Bergenfield, NJ
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Should I open an LLC per property? Why?

Miguel Vasquez
  • Investor
  • Bergenfield, NJ
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Should I open an LLC per property? Why?
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Thomas S.#2 General Landlording & Rental Properties Contributor
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Thomas S.#2 General Landlording & Rental Properties Contributor
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Full insurance coverage, which you need anyway, will protect you the same as having a LLC. Only about 50% of Real Estate investors in the US actually bother with the hassles, additional costs and financing issues (mortgages) created by having a LLC.

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