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Updated over 7 years ago on . Most recent reply

Peter K.'s profile image
Peter K.'s profile image
Peter K.
  • Real Estate Broker
  • from Raleigh, NC
  • Member since Jun 15, 2017
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User Stats

174
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69
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Peter K.'s profile image
Peter K.'s profile image
Peter K.
  • Real Estate Broker
  • from Raleigh, NC
  • Member since Jun 15, 2017
Connect
Peter K.
  • Real Estate Broker
  • Raleigh, NC
69
Votes |
174
Posts
Buying & Selling Real Estate

Owning an investment property- do I need an entity?

Peter K.
  • Real Estate Broker
  • Raleigh, NC
Posted
I'm in the process of possibly purchasing my 1st investment rental property (non-owner occupied). Someone brought to my attention to create an LLC to protect my asset in the case of a law suit. There is currently a tenant that lives there and I would be collecting rent. What are your recommendations/thoughts? Shouod I create an LLC immediately after I purchase a property or down the line when I have more equitity in the property?
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