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Updated almost 6 years ago on . Most recent reply

Andrzej Slugocki's profile image
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Andrzej Slugocki
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Andrzej Slugocki
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Andrzej Slugocki
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Multi-Family and Apartment Investing

setting up an LLC before buying the first property

Andrzej Slugocki
Posted

Is LLC a good idea before buying the first property?

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Bjorn Ahlblad
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  • Shelton, WA
Replied

@Andrzej Slugocki welcome to BP! I think it depends your goals. You do not need the added expense and complexity. I have duplexes in my name and do not intend to change that. If I buy another duplex it will likely be in my name. My 12 unit is in an LLC, and if I succeed in finding another one it will be in a new LLC. Either way get a good umbrella insurance policy.

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