Should I start a LLC?

[Adam L.]

Just starting out in buying rental property, should I create a LLC because of taxes and liability?

[Leo Lanza]

Think of an LLC as a wall. Any assets you put into the LLC are protected if you personally get sued or if someone at the property she's you. Then your personal assets are protected and separate from the LLC. Keep in mind anything under the LLC someone can go after which is why you should have a different LLC for each property. This keeps each asset separate and protected.