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Updated almost 10 years ago on . Most recent reply

Brian Kennedy's profile image
Brian Kennedy's profile image
Brian Kennedy
  • Homeowner
  • from Westminster, Maryland
  • Member since Mar 18, 2014
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Brian Kennedy's profile image
Brian Kennedy's profile image
Brian Kennedy
  • Homeowner
  • from Westminster, Maryland
  • Member since Mar 18, 2014
Connect
Brian Kennedy
  • Homeowner
  • Westminster, MD
4
Votes |
18
Posts
Multi-Family and Apartment Investing

LLC or Sole Proprietor for Rookie

Brian Kennedy
  • Homeowner
  • Westminster, MD
Posted

I have a chance to purchase a 12 unit apartment building in another state. It would be my first investment in real estate outside of a residence and I do not have an LLC set up.

Should I set up an LLC or would a sole proprietorship with liability insurance be the best course of action?

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Loren Davy's profile image
Loren Davy's profile image
Loren Davy
  • Investor
  • from Monahans, Texas
  • Member since Oct 29, 2013
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Loren Davy's profile image
Loren Davy's profile image
Loren Davy
  • Investor
  • from Monahans, Texas
  • Member since Oct 29, 2013
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Loren Davy
  • Investor
  • Monahans, TX
26
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70
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Loren Davy
  • Investor
  • Monahans, TX
Replied

Listen to Podcast 109. Scott Smith is an attorney that address your question very well. Good luck.

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