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Updated over 5 years ago on . Most recent reply

Charlie Moore's profile image
Charlie Moore's profile image
Charlie Moore
  • Rental Property Investor
  • from D.C
  • Member since Apr 10, 2019
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Charlie Moore's profile image
Charlie Moore's profile image
Charlie Moore
  • Rental Property Investor
  • from D.C
  • Member since Apr 10, 2019
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Charlie Moore
  • Rental Property Investor
  • D.C
102
Votes |
501
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Buying & Selling Real Estate

Why do you have an LLC?

Charlie Moore
  • Rental Property Investor
  • D.C
Posted

Why has it been a smart move for you? Millions of investors choose to not use LLCS for financing reasons

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Jon Reed's profile image
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Jon Reed
  • Rental Property Investor
  • from Springfield, MO
  • Member since Nov 4, 2019
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Jon Reed's profile image
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Jon Reed
  • Rental Property Investor
  • from Springfield, MO
  • Member since Nov 4, 2019
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Jon Reed
  • Rental Property Investor
  • Springfield, MO
365
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462
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Jon Reed
  • Rental Property Investor
  • Springfield, MO
Replied

Everyone should create and use an LLC for real estate. They are super cheap to make and offer protections that can save you from losing your kids college fund or your own personal home.

For the people who enjoy the numbers... An attorney can create a basic LLC for $500. If you have an average lifestyle with a $100K home, $50k in 401k, $15k in child education fund, and $10k in the bank then that LLC can protect all those assets from being taken as part of a settlement. That means your investment of $500 into an LLC has a cost avoidance ROI of 34,900%.

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