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Updated over 4 years ago,
LLC for a multi family
I have a few questions with regards to an LLC and it's applicability to owning a 4 unit multi family unit.
In short, I am curious as to what the advantages and disadvantages are and if an LLC is necessary.
Additionally, I am curious as to if I place the home under my current LLC what are the advantages and disadvantages?
P.S. I am in DC and the market here is ridiculous. I just got beat out yesterday... but at least I made my first offer. I am welcome to any excel sheets you think may help with analyzing the numbers to determine if it is a good deal or not. (First-time home buyer).
Thank you for your responses in advance