Investing in Real Estate with LLC?

[Nico Burgess]

Thinking of Investing in real estate under a LLC. I would like to have a business account for all cash flow.

[Dave Spooner]

Hi @Nico Burgess I think you are on the right path by putting the property in an LLC. If you own the property as an individual and someone files a lawsuit against you, then all assets in your name are at stake. However, if you create an LLC, then the only assets at stake are those owned by the LLC. In other words, the rental property is the only asset at stake.

Once you start the LLC you will need to open up a new bank account for it. I usually see no more than 7 properties on one LLC, but if you want to eliminate as much risk as possible you can set up an LLC for each property.