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Updated about 8 years ago on . Most recent reply

Buy my first house under LLC?
I am looking into my first house. I am looking to buy a house in California which has a seperate guest house. I don't plan on living in California. My plan is to buy this house and rent out the main house, and maybe sometimes I would use the guest house.
I would probably rent a house in another state for myself. If I buy the house in California under a LLC, would the house be protected if I personally get sued or if I ever declare bankruptcy?
Also if the owner is my LLC can I use the guest house once in a while?