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Updated over 5 years ago on . Most recent reply
setting up an LLC before buying the first property
Is LLC a good idea before buying the first property?
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Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
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#5 Multi-Family and Apartment Investing Contributor
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Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
Pro Member
#5 Multi-Family and Apartment Investing Contributor
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- Shelton, WA
@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.